Cable has edged higher at the start to the....>

CABLE: Cable has edged higher at the start to the week as PM Johnson said that

all Conservatives standing in the upcoming general election have signed a pledge

to support his Brexit deal if elected. Elsewhere, the press reported that PM

Johnson is set to offer business tax cuts when he addresses the Confederation of

British Industry's conference on Monday.

- GBP/USD last deals at $1.2918, 22 pips above neutral levels. Bulls look for a

break above the high of Oct 31 at $1.2976, which would open up the Oct 21 peak

at $1.3013. A breach of the latter level would signal the formation of a bullish

flag pattern. Meanwhile, a throwback under the $1.2900 mark would prompt bears

to target the Nov 8 low of $1.2769.

- On Friday, a combination of weak U.S. Empire m'fing/industrial output numbers

& headlines stating that the Brexit party has resigned from contesting 43

non-Conservative seats pushed cable higher.

- The UK docket is fairly thin this week, with flash Markit PMIs coming up on

Friday.