GBP/USD added 20 pips to trade at $1.3240,....>

CABLE: GBP/USD added 20 pips to trade at $1.3240, with resistance noted at the

76.4% retracement of the move from $1.3285 to $1.3103/July 12 high ($1.3242/45),

followed by the 61.8% retracement of the move from $1.3363 to $1.3103 ($1.3264).

- On Friday BoE Deputy Governor Cunliffe boosted GBP, as he stated that the Q1

economic moderation was driven by poor weather and supported arguments for the

next rate hike at the BoE's August meeting. President Trump's bilateral free

trade comments re: the UK gave added support ahead of the 4pm WMR fix, as cable

squeezed back above $1.3200. Brexit headlines remained front and centre over the

weekend, with UK PM May stressing that the U.K. risks "ending up with no Brexit

at all" & revealed that U.S. Pres Trump advised her to sue the EU re: Brexit.

- This 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. The UK's Brexit white paper will

appear in the Commons today, with some senior eurosceptics expected to table

amendments.