Cable deals little changed at $1.2925. -......>

CABLE: Cable deals little changed at $1.2925.

- GBP has ignored the latest batch of Brexit headlines. An FT article focused on

an informal EU summit in Salzburg later this month. The FT notes that

"ambassadors in Brussels have been told that, as well as the planned timing of

any deal and sticking points such as the Irish border, the meeting will discuss

whether to issue additional guidance to Michel Barnier." There seems to be

little need for a broad change in mandate, according to the report. There are

also references to questions over the detailed required in the deal, and the

lack of EU support for the Chequers deal, neither are new topics. Elsewhere the

Telegraph reported that "Ministers are being ordered to tell the public there is

no alternative to PM May's widely unpopular Chequers plan, according to a leaked

Downing St. memo." While the Independent reported that "Brexit talks are at risk

of collapse as a planned EU compromise on the critical question of the Irish

border has been branded "unacceptable" by British cabinet ministers.

- The BoE MonPol decision, UK labour market report & GDP/output data headline

this week.