Sino-US trade deal delay has prompted.........>

CABLE: Sino-US trade deal delay has prompted general move away from risk, in

turn has led to a move back into JPY which has been seen driving moves in FX

through late NY and into Asia. Sales of GBP/JPY have helped to influence cable

to extended lows of $1.2838. This catch up to EUR/USD slippage sees EUR/GBP

edging back toward its 10-dma, currently coming through at Gbp0.8625. As noted,

whilst the cross holds below this line seen keeping focus on the downside.

Negates if moves above. Brexit/Election developments remain in view though

today's BOE MPC rate decision and Inflation Report at 1200GMT, along with BOE

Carney speaking at 1230GMT, will provide the day's focus. No change in rates

widely expected. 

- Cable support remains at $1.2839/38(21-dma/Intraday low) with stronger

interest placed between $1.2910/00. Resistance $1.2860/65 ahead of

$1.2895/1.2900.