Cable last deals at $1.3213, 18 pips better...>

CABLE: Cable last deals at $1.3213, 18 pips better off, after touching session

highs of $1.3224 as the Commons passed an amendment allowing MPs to take control

of the parliamentary agenda on Weds, even as the gov't ordered its MPs to oppose

the motion. Several junior ministers resigned to back the amendment. The Commons

will proceed to indicative votes on a number of Brexit options on Weds.

- The pair finished 14 pips lower on Monday, with GBP underperforming all of its

G10 peers, amidst Brexit chaos. Although early European afternoon saw GBP draw

some support from an ITV report stating that the third "meaningful vote" may

happen on Tues, subsequent speech from PM May, who said that the gov't would not

commit to delivering the outcome of parliamentary indicative votes, pulled cable

back to negative territory.

- Bulls look to $1.3224, which has capped gains today and on Friday, and

represents the 200-HMA. Bears target the 100-HMA at $1.3183, which has limited

losses thus far.

- Although Brexit matters will likely continue to dominate, Tuesday will see

remarks from BoE's Broadbent, while UK Q4 GDP (f) hits on Friday.