Cable last trades flat at $1.3037 after.......>

CABLE: Cable last trades flat at $1.3037 after finishing 39 pips lower on

Friday. Bulls look to the 50-DMA & 50-DMA, which coincide at $1.3094, while

bears eye the lower Bollinger band (2%) & 200-DMA, both at $1.2974.

- GBP/USD caught a bid in Friday's Asia-Pac session, as EU Council Pres Tusk

proposed to offer the UK a 12-month "flexible" Brexit delay. Resultant sterling

demand carried over into the (early) European morning.

- Nonetheless, cable pared its earlier gains in the London & NY sessions, as it

fell on the back of the NFP report from the U.S., which buoyed the greenback in

spite of mixed breakdown data, and then again around the WMR fix.

- Subsequent comments from Labour Party's spokesman, who expressed

disappointment that the gov't has not offered "real change or compromise" in

cross-party Brexit talks, pressed the rate below the $1.3000 mark. This was

followed by gradual recovery towards the close.

- Worth noting PM May said she now can't see the Commons accepting her deal.

- UK GDP, trade balance & industrial output are due Weds, but will likely be

overshadowed by an emergency EU27-UK Brexit summit, also on Weds.