GBP/USD dipped 26 pips yesterday, as..........>

CABLE: GBP/USD dipped 26 pips yesterday, as uncertainty stemming from Brexit

matters and the UK's political outlook continued to weigh on sterling. A squeeze

above $1.2700 in the London morning was promptly retraced due to renewed selling

pressure, while subsequent recovery attempts held shallow.

- With cable sitting at $1.2657, a few pips better off, bears look to the May 23

low of $1.2606, the worst level since early Jan. Bulls set their sights on

$1.2702, which capped gains yesterday.

- UK PM May, who is due to step down next week, signalled that she will not put

her Withdrawal Deal to parliament, as Brexit is now a "matter for her

successor." Commons' Speaker Bercow pushed back against the idea that a

eurosceptic Tory leader could trigger a no-deal Brexit without Parliament's

consent. Elsewhere, the Mirror reported that Labour leader Corbyn will

officially back a second Brexit referendum within days.

- BoE's Ramsden will make a speech on Thursday.