Despite the recent dovish comments from.......>

CABLE: Despite the recent dovish comments from some of the members of the BOE

MPC, 'supported' in part by recently released UK data, sterling has managed to

ride out these headwinds and advanced. Traders have suggested that if the BOE

cuts in January it would be seen as a 'one and done', looking for the UK economy

to pick up after the Mar11 Budget. Cable extended its recovery, off its posted

YTD low of $1.2955(Jan14), to $1.3083 Thursday through the 1600GMT WMR fix, with

early Europe Friday extending the move to $1.3090. UK Dec Retail Sales at

0930GMT provides the domestic data interest, market median ex-petrol 0.8%mm,

3.0%yy; Incl. petrol 0.6%mm, 2.7%yy. UK Flash PMI's seen key for rate direction

Jan24.

- Support $1.3064(Int.Day low), $1.3035/25, $1.3000. Resistance $1.3090-1.3100,

$1.3120/25, $1.3150.