### Bank end month models prediction that.....>

CABLE: ### Bank end month models prediction that we would see cable demand into

the fix proved correct as cable rallied to an extended high of $1.3549 Thursday.

Rate dropped back to $1.3484 post fix before it recovered to $1.3540 ahead of

the close. Early Asia marked a low of $1.3512 before rate pushed higher again,

this time marking a fresh high of $1.3550 before it settled around $1.3530

through the balance of the session and into Europe. Further paring of sterling

longs in early Europe sees rate ease to $1.3520 area. 

* Positive soundings concerning Brexit negotiations buoys sterling, despite

Irish border resolution problems. 

* UK Manufacturing PMI at 0930GMT provides domestic focus, median 56.5 vs last

56.3.

* Eur/Gbp could see further RHS interest at fixes which may provide some counter

to current sterling buoyancy. 

* Weekend approaches so may see some long sterling positions pared/profit booked

with eye on Sunday press.