GBP/USD gives back some gains
Cable remains 25 pips higher at 1.3169 but it's down 40 pips in the past hour or so after it failed to break above yesterday's high.
The area around 1..3210 is proving to be a tough one but in the bigger picture, cable is trying to find a bottom. I just don't think it can really establish a base until there is more clarity on Brexit. May is holding party meetings later this week and trying to get everyone on the same page while the EU impatiently waits for a proposal.