Sterling enjoyed an underlying buoyant tone...>

CABLE: Sterling enjoyed an underlying buoyant tone through Thursday trade with

little in the way of Brexit comment to provide any negativity with cable

reacting more to month-end flows. Rate was pushed to an intraday high of $1.3160

ahead of the 1600GMT month-end fix, bank models had suggested that the rate

would be a major beneficiary of balancing flows, but momentum quickly faded post

fix as EUR/USD came under pressure from a mix of suggested SOMA operational flow

and comments from ECB Weidmann concerning German growth. Cable found support at

its pre fix low of $1.3098 before it settled around $1.3110 into the close. The

drop in EUR/USD allowed EUR/GBP to extend its corrective pullback away from

Gbp0.8867 to Gbp0.8711 before it settled around Gbp0.8730. Early cable

consolidation in Asia before sterling came under pressure, took cable down to

$1.3077, lifted EUR/GBP to Gbp0.8746. Cable recovery was capped into $1.3100 in

Asia, broke above in Europe to $1.3108. Resistance seen into $1.3120 ahead of

$1.3160. Support $1.3090, $1.3077.

- UK focus today turns to domestic Mfg PMI, as well as Brexit matters, main

focus on US NFP/Earnings.