Cable elicits support around 1.2389 after retreat from 1.2428 (7-week peak)

1.2389 was Friday's high (when GBP/USD posted biggest daily gain since Jan)

Key resistance at 1.2436 (200DMA). 1.26 GBP call/USD put options in demand

UK Oct construction PMI 45.6 vs 46.0 f/c. UK Sept/Q3 GDP data due Friday

Virtual Q&A with BoE chief economist Pill scheduled to begin at 1700 GMT

Biden trails Trump in 2024 US election's key states, polls show nL1N3C717C