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

CABLE: GBP/USD fell afoul of the broader USD strength on Wednesday, last at

$1.3205, after a brief test of the July 09 low overnight ($1.3190), below which

the Jul 04 low/61.8% retracement of the move from $1.3050 to 1.3363 ($1.3171/70)

comes into play.

- 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.

- 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.