Recovery off Tuesday's low of $1.3858.........>

CABLE: Recovery off Tuesday's low of $1.3858 touched a high of $1.3940 in NY

before it drifted off toward $1.3900 into the close. Rate consolidated in Asia

between $1.3890/1.3915 with early Europe challenging both sides as it dipped to

$1.3888 before it bounced to $1.3916 without making any major impression on the

overnight parameters. UK Nationwide House Prices provide early domestic focus

though more more interest in today's release of EZ flash CPI with month-end

activity at the fixes to have more of a directional impetus. Bank models in

general suggest Usd buying to be seen at today's fixes. EU to publish its first

draft of the Brexit Treaty today with interest directed toward the

Ireland/N.Ireland border. Cable support noted between $1.3858/55 with

suggestions of stops placed on a break below. Resistance $1.3920 ahead of

$1.3940.