Volatile react in cable following the.........>

CABLE: Volatile react in cable following the mildly hawkish FOMC rate cut

Wednesday, rate dropped to $1.2447, though shy of its earlier low of $1.2439,

before it bounced back to $1.2512, helped by DUP headlines that they would be

more flexible in Brexit talks looking at NI specific solutions, before it

settled around $1.2470 into the close. Rate eased to $1.2460 in early Asia

before it edged up to $1.2480 into Europe, though early sales sees rate

retesting that Asian base at writing. Talk remains of decent resistance into

$1.2530, a break to expose next band of resistance between $1.2550/60. Support

at $1.2460, stronger between $1.2450/40 ahead of $1.2400/1.2390.

- UK Retail Sales data at 0830GMT provides the curtain raiser(MNI median

-0.2%mm, ex-fuel -0.3%mm) ahead of the BOE MPC announcement at 1100GMT. No

change in UK rates/QE widely expected pre intended Brexit Oct31.

- Supreme Court 3-day hearing on appeals of prorogation ends today, though no

set time for their decision.