Cable elicits fresh support ahead of 1.2600 after falling from 1.2638

1.2638 was London morning high. Pre-figure bids also propped GBP/USD in Asia

Seasonality is a stimulus for speculative sterling buyers as end-March looms

Pound has risen 0.7% vs dollar in April on average over the past 50 years

CFTC data showed net GBP long shrank from 17-year high in week to March 19

UK Q4 C/A deficit will be revealed on Thursday at 0700 GMT; GBP 21.4 bln f/c