Cable last sits at $1.3082, virtually.........>

CABLE: Cable last sits at $1.3082, virtually unchanged on the day after dropping

30 pips Friday, as UK Jan m'fing PMI missed expectations, while U.S. data

releases topped market forecasts. 

- It is worth noting UK PM May wrote in the Telegraph that she is "determined"

to finalise UK's departure from the EU by the current March deadline, while

weekend press reports focused on the splits within the Tory party, and growing

rumours of an early general election, which was later played down by members of

the cabinet. 

- Initial support noted at $1.3044, which limited losses Friday, followed by the

200-DMA at $1.3036. Meanwhile, bulls focus on Friday's high of $1.3115, ahead of

the Jan 31 high of $1.3160. 

- The BoE's rate decision is due Thursday, alongside the Bank's inflation report

& meeting minutes. Elsewhere, UK construction PMI hits later today, while Brexit

matters will continue being closely watched.