Sterling caught a fresh bid after the.........>

CABLE: Sterling caught a fresh bid after the Commons passed the "Cooper bill"

forcing the gov't to ask for an extension for Brexit in an effort to avoid a

no-deal scenario. The bill will now go to the House of Lords, expected to pass.

The pound had been trading with an underlying buoyant tone through Wednesday

trade, but noticeable that stiff resistance seen on any approach toward $1.3200.

Rate touched a high of $1.3196 before being repulsed back to $1.3122, with

recovery able to eventually find footing back above $1.3150, but market now wary

of taking it back above $1.3185. Into Asia and market reaction to the vote (Bill

passed second reading by one vote) took rate from an opening low of $1.3154 to

$1.3182, settling around $1.3170 into Europe. 

- Support $1.3150, $1.3122. Resistance $1.3185 through to $1.3200.

- Cable likely to remain buoyed, on market perception that parliament won't

accept no-deal and pushing likely outcome back toward PM May's deal/softer

Brexit as talks between PM May and Opposition leader Corbyn continue, but seen

needing a definite Brexit positive to provide the impetus to take rate through

$1.3200.