Sterling continued its recent recovery........>

CABLE: Sterling continued its recent recovery process through Thursday trade as

cable lifted to $1.3166, closing the day with most of its gains at $1.3158.

Consolidation through Asia as rate was held between $1.3153/63, with early

demand interest into Europe allowing a retest of that Thursday high of $1.3166.

Sterling positivity linked to the outlook of next week's general election

(Dec12) with polls continuing to suggest a Conservative win with a working

majority, though Labour has slightly narrowed the gap. Election now seen as

Johnson's to lose. Johnson/Corbyn debate tonight on BBC at 2030GMT (BBC Andrew

Neil has challenged Johnson to a half-hour grilling, not taken up so far). For

today, main focus on US NFP for USD direction. Into next week this weekend's

polls will influence sterling at Monday's open. 

- Cable support $1.3150, $1.3130/20, $1.3100. Resistance $1.3167,

$1.3185/1.3200.