Sharp rally Wednesday saw cable touch a.......>

CABLE: Sharp rally Wednesday saw cable touch a high of $1.2958 in what many put

down to 1200GMT fix related interest, with a lot of activity noted in cable

futures ahead of GMT midday. However, rate quickly pared those gains and dropped

back to $1.2871 in early NY. Recovery to $1.2911 proved short lived as fresh

sales pressed rate to an eventual low of $1.2845 into the close. Opening Asia

saw rate touch $1.2844 before it slowly recovered through the balance of the

session to $1.2871 where it met resistance, though rate retained a mild buoyant

feel into Europe which has allowed it to nudge on to $1.2878. Support now seen

at $1.2845/40, stronger into $1.2830. Resistance $1.2880 ahead of $1.2900/10.

- Thursday will see Brexit debate return to parliament, with Brexit motions

expected to be presented from around 1900GMT.

- BoE's Vlieghe speaks at 0930GMT on Economic Outlook. UK retail sales due

Friday.