Cable hits a session high of 1.2985
The pound is gaining some poise on the day - much like it has since the start of the week - and cable looks to threaten a move towards the 1.3000 handle once again now. After stabilising around 1.2950 since overnight trading, this feels like the kind of price action where we'll see a sudden quick pop above the figure handle.
It's still all about Brexit for the pound and although there aren't any fresh leads on where things may end up just yet, what markets are expecting is that a no-deal outcome is seen less likely to happen now and that's enough of a reason for the pound to stay underpinned.
