USD demand through Wednesday's NY session.....>

CABLE: USD demand through Wednesday's NY session saw cable extend its corrective

pullback from earlier recovery highs of $1.4200 to $1.4071 ahead of the close.

Early Asia further extended the move, eased below the Mar27 low of $1.4066 to

$1.4061 before it met decent support. As USD/JPY eased away from its early high

of Y106.93 it allowed cable to recover, traded to $1.4086 ahead of the European

open before it edged on to $1.4096. A break of $1.4100 to open a move on toward

$1.4120 ahead of $1.4135. Support remains at $1.4060/50. Month-end flow, with

attention on today's fixings (early interest at 0800BST/0700GMT after GBP sales

were seen at this time Tue/Wed) continues with bank models expecting strong USD

demand to be seen. Month-end EUR/GBP demand could still be around, though a lot

of this may have been executed Tuesday. Data focus on UK Final Q4 GDP, median it

remains at 0.4%qq leaving 2017 annual average at 1.7%. Jan Index of Services,

released same time, may be of more interest for UK Q1.