Recovery off its Monday opening lows of.......>

CABLE: Recovery off its Monday opening lows of $1.3082 saw rate close the gap

left in charts, as rate was marked lower into the Asian open as markets reacted

to the failure Sunday to advance the hoped for Brexit deal, pushing through

$1.3151 and on to $1.3182 into NY. Early NY sold back into the recovery, took

rate back to $1.3128 before it settled around $1.3150 into the close.

Consolidation in early Asia saw cable settle within a basic range of $1.3150/60,

before its nudged lower, finding support ahead of $1.3140. Market remains on

Brexit headline watch, comments from EU Tusk that a no deal Brexit is a

possibility though countered with hopes that the two sides remain very close to

a deal. UK Employment Report released this morning at 0830GMT. Unemployment

expected to remain unchanged at 4.0% and headline earnings including and

excluding bonuses are expected to remain at 2.6% and 2.9% 3M Y/Y respectively.

Cable support noted at Monday's hourly low of $1.3128 ahead of $1.3100 and

$1.3080. Resistance $1.3170 ahead of Monday high of $1.3182.