Cable had been pressured by the broader USD...>

CABLE: Cable had been pressured by the broader USD strength on Monday, with late

comments made by BoE's Broadbent ("he doesn't know if he'll vote for an August

rate hike") pushing GBP/USD to fresh lows of $1.3083, in line with the July 19

high ($1.3084), before the pair has reclaimed $1.3100.

- The cross has come under slight pressure, moving to lows of $1.3085 as the

greenback ticks higher.

- Resistance comes in at the intraday high from Monday, followed by the 61.8%

retracement of the move from $1.3293 to $1.2958 ($1.3159/65). Support is noted

at Monday's intraday low ($1.3083), followed by the Jul 19 NY high ($1.3050).

- Participants continue to focus on the political situation ahead of next week's

BoE decision. Ministers will publish the Withdrawal Agreement and Implementation

Bill on Tuesday, which will enshrine the Brexit divorce arrangements & any

future deal with Brussels into law. The Telegraph reports that the document

states that "the EU will inform the UK of the required payment amounts during

the transition process."