Brexit headlines during the day provided......>

CABLE: Brexit headlines during the day provided the directional drives, a BBC

Newsnight report suggesting Germany's Merkel may be willing to place a 5-year

time limit on the Irish back stop pushed cable to an extended high of $1.3122

only to drop back to an eventual post 1600BST fix low of $1.3033 after a German

Govt spokesman denied the story. Reported support between $1.3035/30 managed to

contain the base, the rate currently trading back above $1.3040 after the Europe

close. A break of $1.3020($1.3019 76.4% $1.2987-1.3122) to expose $1.3000 ahead

of Friday's low of $1.2987 and the key 200-dma at $1.2973. Resistance remains at

$1.3120/25 ahead of $1.3150.

- Wednesday expected to be an eventful day, apart from ECB rate announcement/ECB

Draghi press conference, FOMC Minutes and US CPI, we have on the domestic front

we have UK IP/Mfg data, EU Emergency Brexit Summit with likely headlines

concerning an Article 50 extension.