Tracked EUR/USD through Monday trade and......>

CABLE: Tracked EUR/USD through Monday trade and into Asia, the rate pulling back

from Monday's high of $1.2864 to a low of $1.2805 with recovery efforts capped

around $1.2820 ahead of the close. Cable touched a high of $1.2830 in opening

trade in Asia (Bbg data) before it eased to a session low of $1.2805, slowly

recovering to $1.2820 into the European open. Strong selling greeted the

European open as cable was sold down to $1.2770 in what was seen as a late

reaction to overnight comments. US Trump's suggestion PM May's proposed Brexit

deal could make a future trade deal with the US difficult was seen as a

broadside into the PM's plans to sell the deal. Comments did get rebuked from

No.10. Press reports have suggested that Conservative rebels may vote for PM

May's deal if she lays out a date for stepping down(The Times). Recent recovery

in risk outlook was also given a knock by further comments from US Trump

concerning China trade tariffs as market turns focus toward the US-China meet at

the upcoming G20. Partial recovery to $1.2786 but sterling remains heavy. Next

support seen at $1.2764/62 ahead of $1.2750. Resistance $1.2820.