Cable printed as low as $1.3105 in............>

CABLE: Cable printed as low as $1.3105 in indicative trade, although "normal

hours" have witnessed a tight ~30 pip range in play, with the rate last 30 or so

pips lower at $1.3143, struggling on the back of broader risk-off flows.

- UK PM May made an open plea to opposition leader Corbyn over the weekend re:

getting a Brexit deal done. Reports have suggested that May is willing to move

on several issues including a (potentially temporary) customs union and

alignment of workers rights. The strategy has received pushback from within her

own party, with many labour frontbenchers expressing their lack of trust in the

Tory party, and questioning PM May's tactics.

- May continues to receive calls to step down from within the high ranking

echelons of her own party, which have intensified on the back of the party

posting its worst local election result since 1995.

- London is closed for a national holiday today, which will limit GBP liquidity.

- Initial support is located at the upper 1.0% 10-DMA envelope at $1.3133 with a

break opening up a move to the $1.3110/09/05 region, which represents the

50-DMA/50% retracement of the move from $1.1841 to $1.4377/55-DMA.