GBP/USD trades little changed at $1.2551 at...>

CABLE: GBP/USD trades little changed at $1.2551 at typing, as focus turns to the

awaited monetary policy decision from the BoE. We have prepared our usual

comprehensive preview of the decision and it can be accessed via the link below:

- https://emedia.marketnews.com/MNI_BoE_Preview_-_Jun20.pdf

- Meanwhile, French Pres Macron travels to London today for a bilateral meeting

with UK PM Johnson.

- Yesterday, EU Commission Pres von der Leyen signalled hat the bloc might

compromise on some of its demands in a potential deal with the UK, but both her

and chief EU negotiator Barnier warned that Brussels is not ready to reach

agreement with the UK at any price.

- USTR Lighthizer said that the finalization of the UK-US trade deal by November

is possible but unlikely and much will depend on the outcome of UK-EU talks.

- A jump above Jun 16 high/200-DMA at $1.2688/94 would shift bullish focus to

$1.2755, the high of Jun 11. Meanwhile, a fall through Jun 15 low of $1.2455

would expose the 61.8% retracement of the May 18 - Jun 10 rally at $1.2358.

- On the data front, the UK reports May retail sales data on Friday.