Cable sticks to a very tight range,...........>

CABLE: Cable sticks to a very tight range, oscillates around neutral levels and

last trades at $1.2911. GfK Consumer Confidence printed unch. and in line with

exp. at -14.

- The rate surged into yesterday's Asia open as YouGov released their much

awaited election poll, which predicted a comfortable Tory majority in the next

parliament. Cable held onto roughly half of those gains through the Asia-Pac

session before easing off somewhat into the London noon.

- Institute of Fiscal Studies said that neither Con nor Lab spending plans are

"properly credible" and that Lib Dems are "most fiscally prudent".

- UK election campaign continues to draw attention. PM Johnson declined to take

part in a Channel 4 debate on climate change, while the broadcaster refused to

allow ex-Environment Min Gove to step in for the PM. Elsewhere, PM Johnson said

that he would walk away from a trade deal with the U.S., if Washington insisted

on including the NHS in the pact.

- Bears look for a dip under the Nov 27/22 lows of $1.2827/24, which would open

up the Nov 8 trough at $1.2769. Bulls eye $1.2985, the high of Nov 18.