Sterling slippage, which began Tuesday........>

CABLE: Sterling slippage, which began Tuesday following negative reports

concerning Conservative-Labour Brexit talks, extended to $1.3043 before it

settled around $1.3050 into the close. Early Asia saw corrective pullback extend

to $1.3033before buyers emerged, seen as a reaction to the release of solid

China growth data which gave risk a general upside lift. Cable edged to a

recovery high of $1.3067 in early Europe and was seen finding minor support

around $1.3060(NY hourly recovery high off $1.3043). 

- Support $1.3033/27, break exposes option expiries at $1.3010/00(Gbp1.07bn).

Resistance $1.3067. $1.3106, $1.3120.

- UK Inflation data due for release at 0830GMT(median 0.2%mm, 2.0%yy), with BOE

Carney due to speak in Paris at 1300GMT.

- As was seen Tuesday, although Brexit headlines have quietened down with the

extension in Article50 they can still appear to effect markets.