GBP has underperformed in early...............>

CABLE: GBP has underperformed in early Asia-Pacific dealing, after a media

report noted that U.S. President Trump believes that UK PM "Theresa May ignored

his advice by opting for a soft Brexit strategy." Trump reportedly went on to

warn UK PM May that "any attempts to maintain close ties with the EU would make

a lucrative US trade deal very unlikely."

- Cable has dipped below 1.3200 again, to print a low of $1.3170, in line with

the Jul 04 low/61.8% retracement of the move from $1.3050 to 1.3363

($1.3171/70), after breaching the overnight low of $1.3181. The cross last deals

at $1.3175, with eyes on medium term support at $1.3150 if the pair breaches the

aforementioned $1.3170.

- BOE's Cunliffe is due up on Friday, with Trump's visit to the UK continuing.

Next week brings a raft of UK economic data, including CPI, the labour market

report & retail sales, which could cement/draw questions over a BoE rate hike at

its heavily awaited August MonPol meeting.