Decent sterling recovery Thursday saw cable...>

CABLE: Decent sterling recovery Thursday saw cable bounce from its low of

$1.2922 to a high of $1.3041, while EUR/GBP extended its corrective pullback to

Gbp0.8835. Cable eased to $1.3003 through the London fix before recover yto

$1.3030, closing the day around $1.3020. Early consolidation in Asia before rate

tracked EUR/USD drift lower, the rate retested the NY pullback low of $1.3003

and again met support here. Rate currently trades around $1.3012. Data light

domestic calendar with market attention switched toward today's US Employment

Report, with its effects on UST yields(which has been the key market driver of

late). Positive sounds concerning Brexit/Irish border were heard Thursday,

market will continue on Brexit headline watch. Cable support $1.3003/00, ahead

of $1.2980, $1.2960/50 and Thursday's low of $1.2922. Resistance $1.3033-41.