Cable moved some 20 pips lower Monday.........>

CABLE: Cable moved some 20 pips lower Monday despite operating within a~70 pip

range, last sits at $1.2827. The pair moved mostly on the back of broader dollar

strength & failed to garner upside impetus after UK & EU leaders signed off on

Brexit deal proposal, as the document still needs to pass the House of Commons,

whose current predominantly negative stance is seemingly priced in. 

- Initial bullish focus falls on $1.2864, where the rate peaked yesterday, and a

break above would give a green light for targeting the Nov 23 high at $1.2883.

On the downside, initial support is located at $1.2796 and a move through this

level would shift bearish focus to the Nov 22 low of $1.2771. 

- Highlights this week include housing mkt data due Friday. Elsewhere, the

release of BoE's Financial Stability Report on Wednesday will be accompanied by

BoE Gov Carney's press conference.