Brexit Summit in focus

        The GBP/USD pair is seen making minor-recovery attempts, although faces stiff resistances near 1.3170 region on its way to 1.32 handle.

GBP/USD: 

        The spot held onto the major support located near 1.3125/40 area, and from there attempted a tepid-recovery, as the dust settled after the poor UK retail sales aftermath. The recovery seen in Cable is on the back of ongoing weakness seen in the US dollar across the board, fuelled by a rally in EUR/USD above 1.1800 levels, as the Spanish government seems to have regained their grip on Catalonia.

Spanish Spokesman confirms implementation of Article 155

            Catalan Leader threatens Spanish PM to declare formal independence if no dialogue
Meanwhile, with the EU/ Brexit Summit underway, the recovery may remain in check, as the pound could continue to feel the heat from the EU-UK deadlock on the Brexit negotiations, while increased nervousness ahead of the UK PM May’s speech at the Summit could also keep the bulls at bay.
Also, of note for the major remains the US jobless claims and Philly Fed manufacturing index due later in the NA session for further momentum.