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GBP was in favour on Tuesday, despite some....>

CABLE: GBP was in favour on Tuesday, despite some mild profit-taking after the
UK's Brexit Secretary Raab noted that there are still "significant issues to
overcome" in trade negotiations with the EU. It is worth noting that the EU & UK
are set to engage in "continuous" Brexit negotiations moving forwards.
- GBP/USD sits just above $1.2900 at typing, with bulls focused on the August 09
high ($1.2912), with a break opening up a move to the July 17 low ($1.2958).
- There is a lack of tier 1 UK economic data this week, with focus set to fall
on the broader USD theme, Brexit talks & the FOMC minutes/Jackson Hole
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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