Reaction to Wednesday night's release of......>

CABLE: Reaction to Wednesday night's release of the YouGov MRP poll, the

headline result suggesting a comfortable win for PM Johnson with a working

majority of 68 seats, acted to boost sterling, took cable to an eventual high of

$1.2951 before momentum waned. Rate drifted lower through the balance of

Thursday's, US holiday thinned trade to a low of $1.2899 before it recovered to

$1.2918, closing the day at $1.2915. Asia was seen in general consolidation

mood, cable restricted to a tight $1.2907/17 range, getting a lift on to $1.2924

before it dropped back to $1.2900 in early Europe. Sterling remains driven by

election polling, and market will watch if last night's Channel4 climate and the

environment debate will affect, after the Conservative PM Johnson and Brexit

Party Farage failed to attend and were replaced by melting ice sculptures.

Month-end flow expected to produce USD sales with sterling a major beneficiary

(according to models). Markets expected to remain fairly subdued in a hangover

from Thursday's US holiday, with US markets working a half day Friday. UK

Mortgage/Lending data to be released at 0930GMT, not usually a market mover.