Tom Marquand extricated himself from a difficult position to win the King George V Stakes on Merchant for William Haggas.
Drawn in stall 20, Marquand had chosen to drop in behind horses while Ryan Moore on Serious Contender, who was also posted out wide, opted to go forward.
Moore was still in front as they entered the final furlong but Merchant picked up well to defy an 8lb rise for winning at York last time out and justify 3-1 favouritism by a length, with Pantile Warrior a further neck back in third.