Rate saw a recovery high of $1.3152 in NY.....>

CABLE: Rate saw a recovery high of $1.3152 in NY Monday, the move seen led by

EUR/USD, but EUR/GBP also edging higher provided a counter. Suggestions that

moves were linked to month-end positioning, most bank models predict strong USD

sales to be seen at today's fixings, with EUR/GBP often exposed to demand into

month-end. Cable settled back around $1.3130 into Monday's close, managed to

edge back to $1.3139 in early Asia before it dropped down to $1.3113. Rate then

performed a minor recovery, settling back around $1.3130 in early Europe. UK

domestic calendar seen light with more attention on EZ flash CPI and Q2 GDP and

US PCE and income data, Chicago PMI to occupy interest into the afternoon.

Month-end interest will also be watched for influence. Brexit comment always a

threat. Resistance suggested between $1.3150/70, support into $1.3100 ahead of

$1.3085/80.