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Wednesday's hourly lows at $1.3055 have.......>

CABLE
MNI (London)
CABLE: Wednesday's hourly lows at $1.3055 have basically underpinned Thursday's
pullback at $1.3054, after rate extended its move down from Wednesday's late
high of $1.3120. The USD seen firm through the NY session in reaction to the
release of strong US PPI and Weekly Jobless Claims data. A break of $1.3050 to
expose $1.3031(Tuesday Apr9 low). Resistance remains at $1.3120/30. 
A light UK data calendar Friday though BOE Carney is due to speak at 1630GMT,
panel discussion at IMF HQ with Q&A. Market will remain on Brexit headline watch
but with the extension now out to Oct31 it could quieten those down. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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