Cable has shed 9 pips in early Asia-Pac.......>

CABLE: Cable has shed 9 pips in early Asia-Pac dealing and last sits at $1.3154

(representing the upper 1.0% 10-DMA envelope) after falling 33 pips Monday, as

GBP was weighed on by press reports stating that PM May wants Tory MPs to back

the "Brady amendment", which would replace the Irish backstop with "alternative

arrangements", in an attempt to forge an intra-party compromise. The

aforementioned reports hit after the EU Commission spokesperson reiterated that

the Brexit deal is not open to renegotiation. As a reminder, amendments to the

deal are due to be tabled from 1900GMT Tuesday. 

- Initial downside focus falls on Monday's low of $1.3137 and a fall through

that level would open up the Nov 14 high of $1.3072. Meanwhile, bulls look for a

return above the psychological $1.3200 level before targeting $1.3212, where the

rate peaked Monday. 

- Brexit matters are set to dominate this week's docket; elsewhere, UK m'fing

PMI will hit on Friday.