GBP continues defensive amid the broadly......>

CABLE: GBP continues defensive amid the broadly stronger USD to hold near the

base of its $1.3334-89 daily range. The $1.3300 area continues to provide key

support from the YTD low at $1.3306, ahead of $1.3303/02 (Dec12 low/Dec15 low,

1.618% swing $1.3712-1.4377). Focus turns to the second estimate of UK GDP and

index of services at 0830GMT. MNI median suggests strongly the second estimate

is unlikely to be modified from the weak first estimate, with Q1 GDP growth

anticipated at 0.1% q/q and y/y growth at 1.2%, both down from a Q4 which had

0.4% q/q growth and 1.4% y/y growth. The index of services saw fairly weak

growth in February with m/m decreasing by 0.2% and 3m/3m up only by 0.4%.