GBP/USD last deals 10 pips or so higher at....>

CABLE: GBP/USD last deals 10 pips or so higher at $1.3235. On Friday BoE Deputy

Governor Cunliffe boosted GBP, as he stated that the Q1 economic moderation was

driven by poor weather and supported arguments for the next rate hike at the

BoE's August meeting. President Trump's bilateral free trade comments re: the UK

gave added support ahead of the 4pm WMR fix, as cable squeezed back above

$1.3200. Brexit headlines remained front and centre over the weekend, with UK PM

May stressing that the U.K. risks "ending up with no Brexit at all" & revealed

that U.S. Pres Trump advised her to sue the EU re: Brexit.

- Initial support in the pair is located at the 50% & 61.8% retracement of the

move from $1.3103 to $1.3224 ($1.3164/49), while resistance is noted at the

76.4% retracement of the move from $1.3285 to $1.3103/Jul12 high ($1.3242/45),

followed by the 61.8% retracement of the move from $1.3363 to $1.3103 ($1.3264).

- This 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. "Hard Brexiteers" are expected to

vote for their amendments on the customs bill in the Commons on Monday.