Sterling lost a lot of its recent shine.......>

CABLE: Sterling lost a lot of its recent shine during Wednesday trade as

comments emerged suggesting Conservative-Labour Brexit talks were faltering.

Cable had seen a high earlier in the Asian session of $1.3080 before it resumed

its corrective pullback, off Tuesday's high of $1.3131 (and Monday's UK holiday

thinned trading session high of $1.3185) before it met some support into

$1.3000($1.3001 100-dma). Eventual break below the figure triggered stops which

extended move to $1.2987($1.2988 61.8% $1.2866-1.3185), though probe below last

Friday's lows of $1.2990 failed to trigger any further downside momentum. Rate

managed to recover to $1.3028 before it settled on $1.3000. A light data and

event calendar in the UK Thursday, focus though to remain on Brexit headlines

along with US PPI and Trade, Weekly Jobless Claims. Fed's Powell and Bostic due

to speak.