Merchant overcomes wide draw for King George V glory
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.
'It was difficult to watch because all I was watching was the time per furlong and they set off like scalded cats,' said Haggas.
'I then thought they hadn't gone fast enough because in every race this week on the round track, they've gone so fast and everything has come off the speed.
'He was plenty far back and I knew when he turned for home he'd be able to sit a bit, I knew he'd come home. I was really pleased with him.
'You hope (they are good enough). He's clearly progressive and I'm afraid I don't know how far he will go. It's extremely exciting.'
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