Similar scenario to EUR/USD in that...........>

CABLE: Similar scenario to EUR/USD in that Tuesday's trade saw rate extend its

recent risk driven slippage to $1.2904, with trade through Asia consolidating

the move within a tight range of $1.2905/15. However, again like EUR/USD, rate

is challenging the topside of this range in early Europe. Resistance in cable

seen into $1.2930 ahead of $1.2950, with stronger interest noted into $1.2970.

Support remains in place into $1.2900, a break and clear to expose the Apr25 low

of $1.2866. Conservative-Labour Brexit talks continue to disappoint, a meeting

last night between PM May and Labour Corbyn seen as a touching of bases. ForSec

Hunt has suggested that a compromise not impossible but talks could not continue

indefinitely. News reports, MPs will be asked to vote on Brexit again in early

June whether or not the government and Labour have reached a deal, Downing

Street has said. With little prospect for the EU to further extend Article50

this could be seen as the last chance for those wanting Brexit with a deal.