Saw a high of $1.3028 Friday, as market.......>

CABLE: Saw a high of $1.3028 Friday, as market reacted to comments on the Irish

border from EU Brexit negotiator Barnier, but rate struggled to hold gains as it

tracked EUR/USD slippage. This move lower was given added momentum by the

release of stronger than forecast US Employment Report which took rate to a

session low of $1.2909 before it settled around $1.2920 into the close. Cable's

pullback trailed EUR/USD which in turn allowed EUR/GBP to move down to challenge

the base of its 10-dma 1.0% envelope at Gbp0.8913 which held. Cable continued to

consolidate around $1.2920 in early Asia before it eased to $1.2908, before

recovering to $1.2914 into Europe. However, slight lift on to $1.2917 eventually

attracted fresh sellers as rate eased back to retest the earlier low. Support is

seen at $1.2900/1.2897, a break to expose $1.2878/73. Resistance noted at

$1.2935 ahead of $1.2950/55. UK sees release of Jul GDP, IP and Trade data at

0830GMT. Little reaction to story in the FT that EU is preparing to give Brexit

negotiator Michel Barnier a mandate to close the deal with UK. EU leaders will

be meeting on Sept 20 to set the final guidelines to be formally adopted in the

Oct EU leaders' summit, setting up for special Brexit summit in Nov.