Rate saw an early Europe high of $1.2797......>

CABLE: Rate saw an early Europe high of $1.2797 Tuesday before sterling's early

glow dimmed through the balance of the day, cable slipped to a low of $1.2707

before it settled around $1.2715 into the close. Rate touched a low in opening

Asian trade of $1.2712 before it edged its way up to $1.2749 as JPY came under

pressure as risk outlook gained a boost from US/China trade talks. Rate settled

back at $1.2740 for a while before it retested the earlier high ahead of the

European open. Another failure and longs pared back which pressed rate down to

$1.2730. EUR/GBP again back at the Gbp0.9000 level, which seems to have provided

attraction so far in 2019. Brexit remains to the fore with market wary of

headlines. Apart from Brexit the release later today of FOMC Minutes could

provide some directional impetus. 

- Support $1.2710/00, $1.2686. Resistance $1.2750, $1.2780, stronger into

$1.2800.

- UK Unit Labour Costs 0930GMT. BOE Carney participates in an online Q&A

1530GMT.