Consolidation through Asia as trade was.......>

CABLE: Consolidation through Asia as trade was restricted to a $1.3204-27 range,

but seen picking up fresh demand interest into Europe as markets begin to take

in the overnight announcement from the US of the imposition of trade tariffs on

China, $34bn with the threat of more to come(trade move was well telegraphed

ahead). Cable has extended its recovery off that earlier Asian low of $1.3204 to

$1.3240. Initial resistance noted between $1.3240/50, a move above to expose

Thursday's high of $1.3275. US NFP/AHE(median 195k/0.3%mm) provide the focus

data interest but UK have the added interest of today's Cabinet meeting at

Chequers to hammer out a Brexit agenda. Watch for headlines emerging.