Rate saw an extended recovery high of.........>

CABLE: Rate saw an extended recovery high of $1.3350 ahead of Wednesday's

1600GMT fix, as sterling continued to bask in the more positive Brexit outlook.

However, this enthusiasm eased post fix and rate eased back to $1.3292 before it

settled above $1.3300. Amendment voting in Parliament last night didn't produce

any surprises and event passed with little market reaction. Cable picked up mild

demand in Asia which allowed it to edge to $1.3320 but slipped back to hold

around $1.3300 for the balance of the session as general risk outlook was seen

bruised, initially by disappointing China PMI's, then Trump-Kim summit ending

early with no agreement into the Asia/Europe transition adding its weight. Cable

has been pressed through the $1.3292 NY pullback low to $1.3289 but no real

momentum behind the move. Month-end and bank models are suggesting USD sales to

be seen at today's fixings. Norway SWF reported to up investment in the UK

despite any Brexit outcome. Weak talk last night in Parliament that Mar12

Meaningful Vote could be brought forward(BBC commentator).

- Cable support $1.3287(hourly high Feb27), $1.3260 ahead of $1.3235/30.

Resistance $1.3320, $1.3350.