Rate continues to track EUR/USD, the rate.....>

CABLE: Rate continues to track EUR/USD, the rate having dropped to $1.2284 on

the initial EUR/USD react to Thursday's ECB announcements, then recovered

sharply to $1.2367 before settling around $1.2330 into the close. Asia extended

this corrective pullback to $1.2327 before it recovered toward $1.2350 into

Europe. Demand in early Europe evident in EUR/USD and Cable which has lifted the

latter to $1.2362, with Thursday's high of $1.2367 so far untested. A break here

to expose $1.2385 though recent failed highs between $1.2370/80 could make this

difficult. However, a break to open a move toward $1.2400/10. 

- Brexit remains the key driver, sterling currently supported as PM Johnson

moves to use no-deal as a bargaining tool seen thwarted. Suggestions that

N.Ireland's DUP could provide an opening for a fresh deal is also seen buoying

the pound.

- UK data calendar light. Focus on US Retail Sales at 1230GMT.