Recovery off Thursday's low of $1.3475........>

CABLE: Recovery off Thursday's low of $1.3475 touched a high of $1.3527 in NY

before rate settled around $1.3515 after surviving a brief dip back under

$1.3500. Consolidation through Asia, despite a couple of potentially sterling

positive news items, Times reported PM May to outline new proposals to avoid a

hard border in Ireland as early as next week, whilst the Guardian noted the PM

May expected to approve the plan to create 10 Tory peers, one position going to

the DUP. Rate traded within a relatively tight range of $1.3505/20 in Asia,

early demand in Europe edging rate on to $1.3524 as the USD pared some of its

overnight gains, led by USD/JPY as this rate eases away from its overnight high

of Y111.01. UST yields remain the key driver in FX though market also remains on

Brexit headline watch.