What looks to be a strong rejection of PM.....>

CABLE: What looks to be a strong rejection of PM May's compromise Withdrawl Bill

countered the sharp positive reaction when details were released. Cable shot up

to $1.2813, from an earlier low of $1.2685, dropped back to $1.2697 before

closing the day around $1.2705. Sterling traded with a relatively firm tone

through Asia, cable edged to $1.2719 before it dropped back to $1.2698 into

early Europe as risk was given a general knock by US press reports suggesting US

is weighing blacklisting 5 Chinese surveillance companies, upping the recent

trade spat ante. Support is seen at the Tuesday pullback low of $1.2697, a break

to expose $1.2685/80 ahead of $1.2650. Resistance $1.2720, $1.2735/45. 

- UK CPI provides the domestic data interest this morning at 0830GMT. Market

median 0.7%mm, 2.2%yy. Easter effects, Ofgen's decision to raise its energy

price cap by 10% in April, seen helping to lift expectations. However, once

these effects move out of the equation likely inflation to ease back in coming

months.

- UK ONS House Prices and PSNCR, PSNB also due at same time. 

- Brexit headlines continue to be the main sterling influence.