Recovered from Wednesday's low of $1.3138,....>

CABLE: Recovered from Wednesday's low of $1.3138, extending to a spike high of

$1.3218, seen into the FOMC announcement. Rate reversed to $1.3159 before it

settled around $1.3170. Rate edged to $1.3178 in early Asia before sterling came

under general pressure as market reacted to headlines in Times newspaper

suggesting PM May is losing Cabinet support as senior ministers voice concern

the PM will stick to her promise to force a no-deal Brexit if EU rejects her

plan again next month. Initial sell pressure saw rate challenge its 100-dma at

$1.3141, eventually breaking below on the second test as early Europe added

weight to take it down to $1.3124. Some added pressure was seen as EUR/USD broke

below $1.1700 in reaction to press headlines in the Italian press suggesting

Italian budget could be delayed. Move lower in the EUR also influenced EUR/GBP

off a late Asia high of Gbp0.8936 to Gbp0.8908. Month-end models begin to

suggest we could see cable demand Friday, which along with reported on-going M&A

sterling buys, could counter any month-end EUR/GBP demand. BOE Chief Economist

Haldane speaks at 1145GMT, BOE Carney chairs a policy panel discussion at ESRB

1330GMT. Cable support $1.3118 ahead of $1.3100. Resistance $1.3180.