Reported support between $1.3031/27 managed...>

CABLE: Reported support between $1.3031/27 managed to contain the base through

Wednesday's trade, the rate touching a low of $1.3029 with area challenged three

more times through NY before it closed at $1.3044. Early Asia eased rate to

$1.3035 before it recovered to $1.3045 in early Tokyo. Cable was again pressed

back to $1.3035 before it picked up better demand which has lifted it to $1.3053

in early Europe. Resistance seen between $1.3060/67 ahead of $1.3095/1.3100.

Support remains around $1.3030 a break to expose $1.3000/1.2987. Focus this

morning on EZ flash PMI data, with UK Retail Sales to provide the main domestic

interest. Median forecast -0.3%mm, 4.5%yy. Some hopes for a further pick-up but

MNI notes that there are mostly negative surprises in March data. Brexit moved

to the back burner with the Article 50 extension but headlines could still

emerge to influence. Easter weekend approaching and could expect some position

adjustments to influence.