Cable operates around unchanged levels at.....>

CABLE: Cable operates around unchanged levels at typing, a participants digest

the array of risk factors outlined in our earlier bullets. Locally, UK Foreign

Sec Raab signalled that the nation will suspend its extradition treaty with Hong

Kong, a move which would certainly draw China's ire. Raab may confirm these

expectations later today, when he appears in parliament.

- Meanwhile, the UK and China remain at loggerheads over the former's decision

to ban Huawei equipment from its 5G network. The Global Times published an

editorial noting that there is still room for bilateral talks on the matter

after the Observer reported that UK gov't told Huawei that its decision was

partly motivated by U.S. pressure.

- Cable sits +4 pips at $1.2572 and bulls look to take out Jul 9/Jun 16 highs of

$1.2670/88 before targeting the 200-DMA at $1.2704. Bears look for a move

through Jul 14 low of $1.2480, which would expose Jul 3 low of $1.2438.

- UK retail sales & flash readings of Markit PMIs will be released on Friday.

The BoE speaker slate features Haldane's & Tenreyro's re-appointment hearings,

scheduled for today, as well as Haskel's appearance on a webinar on Thursday.