*** Recovery off the Asian low of $1.3208.....>

CABLE: *** Recovery off the Asian low of $1.3208 extends to $1.3230 in early

Europe, with the earlier Asian high of $1.3233 sitting just above. Minor hourly

resistance noted at $1.3234-40, a break to expose Wednesday's high of $1.3250.

Reports Wednesday suggested option barrier interest at this latter level, trying

to check to see if it is still live despite the trade there. However, a break of

$1.3255 to expose stops, which if triggered to open a move on toward technical

target level of $1.3279(1.618% swing $1.3245-1.3190). Expect further offers to

emerge on approach toward next reported barrier level of $1.3300. Support

$1.3208(Asia low) ahead of $1.3190 and $1.3160/50. BOE MPC rate decision with

accompanying Minutes and Inflation Report due at 1100GMT. Market watching the

vote split with views mixed between 6-2 and 5-3 in favor of leaving rates

unchanged. BOE Carney press conference due at 1130GMT. Watch for comment on the

reinvestment of proceeds from bonds held in QE.