GBP/USD fell afoul of the broader USD.........>

CABLE: GBP/USD fell afoul of the broader USD strength on Wednesday stabilising

ahead of $1.3200, with the pair last trading just a few pips above the figure.

- Brexit developments remain front and centre. An FT report has suggested that

"Theresa May has abandoned plans for a tight new relationship with the EU in

financial services after Brexit, laying out a new proposal for a looser

partnership in her long-awaited white paper on Thursday." This comes after

reports suggested that EU officials have told businesses that chances of a hard

Brexit are as high as 50%. Elsewhere the Telegraph has reported that Donald

Trump may voice his support for a hard Brexit during his imminent visit to the

UK.

- Cable last at $1.3205, with support noted at the July 09 low ($1.3190),

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

($1.3171/70).

- 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.