Cable jumped at the Asia-Pacific open,........>

CABLE: Cable jumped at the Asia-Pacific open, before easing back, to last deal

~35 pips higher at $1.3004. 

- Earlier on Sunday, the Times reported that PM May has "secured private

concessions from Brussels" intended to win parliamentary support for the deal.

As a result, early indicative readings saw cable reach a 2-week high at $1.3065,

~100 pips up from Friday's close. However, Number 10's spokesperson played down

initial enthusiasm. Meanwhile, the Guardian quoted senior EU officials, saying

chances of striking a deal are "50-50", while Brexit Minister Raab allegedly

demanded that the UK could withdraw from the EU's Irish backstop after just 3

months, according to the Telegraph, which triggered a new wave of uncertainty,

pulling GDP/USD down. 

- A break back below $1.3000 would open up the hourly support at $1.2955/50.

Bulls seek to retake the 100-DMA at $1.3042 to regain control. 

- UK news flow this week will be centred around Brexit. Elsewhere, focus falls

on British production & trade balance data, as well as GDP on Friday.