Reversed away from its Tuesday high of........>

CABLE: Reversed away from its Tuesday high of $1.3131 to an eventual low of

$1.3040, seen during the NY session, before rate managed to recover to $1.3077

ahead of the close. Move down was seen as a mix of risk aversion trade, with

sales of EUR/USD also seen as an influence (possible Asian central bank activity

after earlier suggested intervention action to support currencies). Cable

consolidated through Asia between $1.3066-80 but is seen nudging toward the

topside in early Europe. A break of $1.3080 to expose $1.3100/10($1.3100-05

50-dma/55-dma), a move above to open a move toward $1.3130. Support remains at

$1.3040.

- Brexit linked political risk in focus with press reports suggesting again PM

May's 'imminent' departure, though slightly offset by increased chances for a

second referendum.

- Data calendar seen light Wednesday. BOE Deputy Governor Ramsden due to speak

at 0815GMT.