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GBP/USD continues to focus on both............>

CABLE
CABLE: GBP/USD continues to focus on both political and economic developments,
with Brexit matters remaining front and centre. Party rebellion continues to
hang over UK PM May, as pro-EU Tories threaten a veto of her Brexit policy if
she doesn't make concessions.
- GBP/USD last deals at $1.3270, 10 pips lower on the session, in the middle of
the overnight range. Support is noted at $1.3240 (Low May 30) while initial
resistance is observed at $1.3297 (High June 15)
- The BCC also trimmed its expectations for UK growth overnight.
- Thursday's BoE decision dominates the docket this week, with no change
expected focus will fall on the BoE's rhetoric ahead of August's QIR & press
conference.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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