Recovery off Tuesday's post Withdrawl Bill....>

CABLE: Recovery off Tuesday's post Withdrawl Bill defeat low $1.3051 extended

through hourly resistance of $1.3150 in early Europe Wednesday to push on to an

eventual high of $1.3231 into the 1600GMT fix. As upside momentum faded post fix

rate dropped back to $1.3203 but dips continue to draw interested buyers. Rate

currently trades around $1.3208. Focus on tonight's voting in Parliament to take

no-deal off the table ahead of Mar29, with two amendments tabled, Dromey-Spelman

vote to take off no-deal completely; Malthouse Amendment, managed no deal with

May22 extension to Article50. However, amendment timetable seen liquid and could

be adjusted ahead of voting. Sterling up as market sees UK edging toward a

softer Brexit outcome. Chancellor Hammond has called for compromise, backs a

cross-party consensus on Brexit. A third attempt to get PM May's bill through

cannot be ruled out.

- Support $1.3200, $1.3150, $1.3130. Resistance $1.3231, $1.3250.