Drifted off to $1.2822 Wednesday before it....>

CABLE: Drifted off to $1.2822 Wednesday before it recovered through the London

fix to $1.255, closing the day around $1.2852. General election polling

(Conservatives shown leading) continues to provide sterling with buoyancy, the

pound able to brush aside soft data (with last week's dovish BOE and Moody's

outlook change fading in the mists). However, without further supportive poll

news it leaves sterling open to slippage, though at a mild pace. Cable saw a

high of $1.2857 at the Asia open only to drift lower through the session to an

eventual low of $1.2825 into Europe. Rate currently trades back at $1.2835.

- UK Retail Sales at 0930GMT, market median flat mm, 0.2%yy, though as above

expect any negative release to find support from underlying election outlook. 

- Cable support $1.2822, $1.2816(Nov12 low) and into $1.2800. Resistance

$1.2855/65, $1.2895/1.2900.