Rate recovered off Thursday's low of..........>

CABLE: Rate recovered off Thursday's low of $1.3035 to $1.3094 as Leader of the

House Leadsom announced a Friday vote on, what is now being referred to as, MV

2.5, PM May's Withdrawl Agreement but without reference to future UK-EU

relationship. If passed it would extend Brexit out to May22, failure could leave

door open to further negotiations, no-deal or even a possible General Election.

Rate drifted back to $1.3039 into the close. Early Asia picked up demand which

allowed rate to edge to $1.3056 ahead of Tokyo. Mild demand for GBP/JPY in

Tokyo, along with general risk appetite, allowed cable to extend recovery to

$1.3084 into Europe, but market remains wary of Brexit headlines. 

- UK GDP Q4 Final to be released at 0930GMT though Brexit expected to

overshadow. Month-end and could see mild USD sales, according to bank models. 

- Debates on MV 2.5 will end Friday at 1430GMT when voting will begin.

- Cable support $1.3035, stronger $1.3010/00. Resistance $1.3100/10.