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GBP/USD hasn't threatened to move back........>

CABLE: GBP/USD hasn't threatened to move back below $1.3200, last $1.3225.
- Market pricing of an August BoE hike edged higher on Wednesday in the wake of
the strong UK Services PMI print (to 72% from 64% according to MNI Pinch).
- Resistance is noted at $1.3252 (the 76.4% retracement of the move from $1.3315
to $1.3050), while support is located at $1.3157 (alternating hourly
- A speech from BoE Gov. Carney dominates the UK docket on Thursday, with one
eye on developments surrounding Friday's cabinet summit at UK PM May's Chequers
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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