Retains an underlying buoyant tone though.....>

CABLE: Retains an underlying buoyant tone though the $1.3000 level remains just

out of reach. Cable managed to edge to $1.2976 Thursday before it was knocked

back to $1.2925. Rate recovered, though little influence from expected month-end

flow noted, but it did touch $1.2956 ahead of the close at $1.2940. Early Asian

positioning saw rate pressed back to $1.2927 but Tokyo opened with bid interest

which lifted cable to $1.2967. Rate then settled around $1.2960 through the

balance of the session before Europe provided a minor lift to $1.2969. Brexit

remains the key driver for sterling (little reaction though  seen from US Trump

comments to Brexit Party Farage on WAB). UK Mfg PMI provides domestic data

interest at 0930GMT (market median 48.3 vs last 48.2). Main focus on the day

will be the US Employment Report at 1230GMT, followed by US ISM Mfg at 1400GMT. 

- Option expiries of note for today's NY cut $1.2700(Gbp2.15bln),

$1.2800(Gbp830mln), $1.2900(Gbp2.85bln), $1.2950(Gbp1.12bln),

$1.3095-1.3100(Gbp1.53bln), $1.3150(Gbp2.7bln).

- Cable support $1.2925/15, $1.2900. Resistance $1.2976, $1.3000(Oct22 high),

$1.3013(Oct21 high).