The broader based USD gains in the second.....>

CABLE: The broader based USD gains in the second half of Tuesday trade pressured

GBP/USD, with the cross moving below the $1.31 mark for the first time since the

re-open of trade on Sunday, before reclaiming the figure, last $1.3110.

- Initial support is noted at the July 27 low ($1.3083), with a break opening up

a move to the 61.8% retracement of the move from $1.2958 to $1.3213 ($1.3055).

Resistance noted at Tuesday's high ($1.3173).

- UK manufacturing PMI headlines the UK docket today. Looking ahead, tomorrow's

BOE decision steals the show, with MNI PINCH pricing a greater than 90% chance

of a 25bp hike, in spite of soft data & Brexit concerns. In the case of a hike

focus will fall on the vote split & r* projection.