Broader USD strength & discontent from the....>

CABLE: Broader USD strength & discontent from the would-be Tory party rebels re:

the gov't amendment to the EU withdrawal bill weighed on GBPUSD on Thursday,

with the cross last dealing at ~$1.3250, this came after a strong retail sales

print (albeit on the back of a soft prior) pushed the cross to highs in early

London dealing.

- The pair now deals under 1.3267 (the 76.4% Fibo of the $1.3204-$1.3473 move),

with $1.3244/54 (the 1% volatility band & Jun 01 low) providing the next level

of support after the lower end held overnight, followed by $1.3220 (the 1.618

swing of the $1.3307-$1.3447 move).

- The cross hasn't reacted to a report suggesting that EU diplomats haven't

ruled out a Brexit delay 'of some months.'

- GBP traders now focus on next Thursday's BoE decision. No change is expected,

but the BoE's rhetoric will be scrutinised. As a reminder this is a non QIR

meeting. UK's credit rating to be reviewed at DBRS & Moody's today.

- Nearby notable FX option expiries of note for today's 10AM NY cut: $1.3250

(Gbp967mn), $1.3395-1.3400 (Gbp1.46bln).