Cable was pulled higher by the strong.........>

CABLE: Cable was pulled higher by the strong positive reaction in EUR/USD to the

EU Leaders Summit migration agreement, announced overnight. Rate initially

rallied to $1.3121, further extending its recovery off Thursday's posted YTD low

of $1.3050. After easing to $1.3094 rate extended the react move to $1.3129 into

Europe. This recovery was somewhat dampened as EUR/GBP was also pushed higher,

the rate extending its recent recovery to Gbp0.8890. EUR/USD has drifted back

toward $1.1640, allowing EUR/GBP to ease to Gbp0.8875, while cable eases off to

$1.3115. UK GfK consumer confidence, released overnight, slipped to -9 vs a

forecast -7, but remained off recent lows. UK final reading of Q1 GDP due at

0830GMT, expected to remain at 0.1%qq. Attention today on release of EZ Flash

CPI at 0900GMT. Market to be on Brexit headline watch as the EU Leaders Summit

continues today. Month-end flows also a possible influence. Bank models seen so

far seem to be fairly neutral, but EUR/GBP often prone to month-end demand.

Cable resistance $1.3130 ahead of $1.3150. Support $1.3100, $1.3070/60.