Touched an early low Wednesday of $1.2827.....>

CABLE: Touched an early low Wednesday of $1.2827 before sterling recouped losses

through the balance of the day with month-end flow, as well as positioning ahead

of a YouGov poll (ahead of the Dec12 general election), seen providing the main

drive. Cable traded to a high of $1.2916, dipped to $1.2889 before it spiked up

to $1.2921 on poll release. Poll suggested that PM Johnson's Conservative party

could win a 68 seat majority at the election(easier passage for Brexit Bill),

which was higher than most expected and provided the boost for sterling. Asia

took over the sterling buy baton and took cable on to $1.2951 before momentum

faded and profit take supply provided a counter. Rate eased to $1.2919 before

picking up fresh demand that took it back to the earlier high ahead of Europe.

Rate retains an underlying buoyant tone into European trade. Sterling strength

also allowed EUR/GBP to make a show under Gbp0.8500, holding toward the lows

into Europe.

- Cable support $1.2920/15, $1.2890, $1.2865. Resistance $1.2970-85, $1.3000,

$1.3013.