GBP/USD comfortably held above $1.31 on.......>

CABLE: GBP/USD comfortably held above $1.31 on Tuesday and squeezed to $1.3159

on reaction to UK PM May stating that she will lead Brexit negotiations with the

EU, while the Brexit department will instead focus on preparations for a no-deal

Brexit.

- GBP/USD last $1.3150, resistance noted at the 50% retracement of the move from

$1.3363 to $1.2958 and the 61.8% retracement of the move from $1.3293 to $1.2958

($1.3161/65), while support is seen at the 61.8% retracement of the move from

$1.3072 to $1.3159/hourly support ($1.3105).

- Focus remains on Brexit developments & next week's BOE MonPol decision, with

Commons now in summer recess.