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GBP/USD has edged higher & last deals at......>

CABLE
CABLE: GBP/USD has edged higher & last deals at $1.2861 after slumping nearly 90
pips Monday, as flash UK Q4 economic growth undershot expectations, printing at
+0.2% Q/Q vs. mkt forecasts of +0.3% and down from +0.6% in Q3 (for our 5 Things
piece see MNI Main Wire at 09:47 GMT 02/11). Accompanying industrial & m'fing
production figures fell in M/M terms vs. exp. of a modest expansion. 
- It is worth mentioning that the Sun reported today that PM May is planning to
hand in her resignation this summer, citing personal opinions of two senior
Cabinet sources. May is set to make a statement re: Brexit to the Commons later
today. 
- Initial support is located at yesterday's low of $1.2845 and a fall below
would draw bearish attention to the Jan 21 low of $1.2831. Meanwhile, bulls need
to clear the 100-DMA at $1.2884 before challenging the $1.2900 figure. 
- UK focus this week turns to domestic CPI due Wednesday & retail sales due
Friday. Elsewhere, BoE Gov Carney will speak Tuesday, while Vlieghe will speak
Thursday.

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