Cable has stuck to a tight range in...........>

CABLE: Cable has stuck to a tight range in Asia-Pacific dealing, last trading

unchanged at $1.3235 after the amended Customs Union Bill passed through

parliament (by a majority of 3 in the Commons).

- GBP/USD came under pressure on Monday, after reports of four concessions to

Brexiteers, which of course came to pass. While this narrowly avoided a defeat

in the Commons for PM May, it will further complicate negotiations with the EU

in the coming months.

- Focus now turns to the UK labour labour market report, due Tuesday, after

BOE's Haldane (a hawkish dissenter at the most recent BOE MonPol decision) noted

that his latest trip to Wales "adds to my confidence that the economy is

experiencing a gradual, on-going firming of pay pressures, with implications for

underlying inflation."

- Initial support is noted at Monday's intraday low ($1.3217), with resistance

at Monday's intraday high ($1.3293).