Breaks above its Asian high of $1.3222, as....>

CABLE: Breaks above its Asian high of $1.3222, as Eur/Gbp eases below its

support at Gbp0.8879. Cable extends recovery highs to $1.3238($1.3239 76.4%

$1.3260-1.3170), currently around $1.3230. Break of $1.3240 to expose Friday's

high of $1.3260. Market aware that last week saw two sharp reversals in sterling

(Wednesday 1000GMT fix, Friday 1100GMT fix) and will watch for any signs similar

could happen this week. Area between $1.3260/70 seen technically important, a

break to change current underlying bias to positive. Brexit headlines at the

weekend were seen mildly sterling positive, helping sterling to take advantage

of the German political pressure on the Eur. 

* Main focus this week on Chancellor Hammond Autumn Statement Wednesday.