A very limited session thus far for cable,....>

CABLE: A very limited session thus far for cable, with the rate sticking to a

sub 20 pip range, last trading virtually unchanged at $1.2992.

- Weekend press reports have focused on internal Conservative Party pressure on

UK PM May to step down, with the grass roots of the party and 1922 Committee

supposedly pointing to ways that she could be removed. Elsewhere, EU's Juncker

highlighted that the risk of a no-deal Brexit has not disappeared, while polls

suggest that Nigel Farage's newly formed Brexit party is draining support from

the Conservatives ahead of the European elections.

- On the MonPol front, Telegraph sources suggested that "at least one member of

the (BoE's) Monetary Policy Committee will make the case for increasing the base

rate of interest at meetings" when the bank convenes next week.

- From a technical perspective a clean upside break of $1.3000 would open up

clustered resistance at the Apr 08 low/100-HMA/Apr 17 low at $1.3027/28/29,

while the first line of major support is located at the 200-DMA at $1.2965.

- Lower tier data dominates the UK docket this week, with focus set to fall on

Westminster as parliament reconvenes after the Easter break.