Fresh demand into Europe takes cable..........>

CABLE: Fresh demand into Europe takes cable through Thursday's high of

$1.2633(falling resistance off $1.2648 Apr14) and on to $1.2664 before momentum

faded, though the corrective pullback so far seen relatively shallow as it holds

around $1.2650. Move takes rate through the recent highs of

$1.2643/48(Apr30-Apr14), with next technical resistance noted between

$1.2670/80($1.2674/77/78 Jun19-2019 high/Upper 2.0% 10-dma env/200-dma). Above

here and $1.2700 will beckon, with the 61.8% retrace of the move down from

$1.3514 to $1.1412 coming in close behind at $1.2711. Support now seen at the

broken $1.2633 level ahead of $1.2600 and stronger interest into $1.2580 then

$1.2550.

- Halifax House Price survey at 0830BST but overshadowed by the US Employment

Report at 1330BST. 

- Risk remains the key driver via equity market reactions.