Recovery off Friday's post NFP low of.........>

CABLE: Recovery off Friday's post NFP low of $1.3101 extended on to $1.3181

during Monday's European morning session before it slipped back to $1.3136 in

NY, recovered to $1.3161 before closing the day at $1.3146. Rate touched an Asia

opening low of $1.3137 before recovering through the session to $1.3156, picking

up stronger demand interest into Europe which has lifted it on to $1.3164.

Sterling retains an underlying buoyant feel as we approach the general election

Thursday. Conservatives continue to lead in the polls, with poll margins

suggesting PM Johnson should win with a working majority (though Johnson has

voiced to voters that the dangers of another hung parliament are real as he

tries to bolster his support). Buy dips seems to be the favoured option among

traders ahead of the election, but some already looking to the reaction Friday

and possible sell the fact to emerge on a Johnson win. Focus today on UK data at

0930GMT, IP & Mfg, Trade, Construction output and GDP.

- Support $1.3137/36, $1.3115/00. Resistance $1.3164 ahead of stronger interest

into $1.3180.