GBP/USD last trades at $1.2707, a touch.......>

CABLE: GBP/USD last trades at $1.2707, a touch higher on the day. Bulls look to

the upper Bollinger band (2%) at $1.2767, while bears target the Jun 12 low &

Jun 14 high, which coincide at $1.2682.

- Cable climbed from off yesterday, carried higher by broader post-FOMC

greenback sales. After topping out just shy of $1.2730, it shed ~40 pips on the

back of the BoE MonPol decision, as the MPC voted 9-0 to stand pat on policy

despite outside bets that there will be some hawkish dissenters. The BoE also

said that the risk of a no-deal Brexit has increased. Nonetheless, cable pared

some of these losses subsequently, amid persistent dollar weakness.

- Irish PM Varadkar said that there is "enormous hostility" in the EU to grant

the UK another Brexit extension.

- The series of votes by Tory MPs on their two most preferred leadership

candidates concluded yesterday, with Boris Johnson and Jeremy Hunt passing to

the next round. They will now launch nationwide campaigns ahead of the key vote,

in which some 160,000 grassroot Tory members will elect the party leader.

- As a reminder, BoE's Tenreyro is set to speak later today.