Cable sticks to a tight range in early........>

CABLE: Cable sticks to a tight range in early Asia-Pacific dealing and last

trades at ~$1.2825. Participants continue to focus on Brexit headlines. Over the

weekend, Secretary of State for Intl Trade Fox noted difficulties in securing

quick normalisation of UK's WTO commitments, while Chancellor of the Exchequer

Hammond admitted that the upcoming budget is contingent upon a Brexit deal. 

- The weekend once again saw reports of increasing dissent against UK PM May

among her ministers and broader MPs alike (on both sides of the debate). 

- Bears keep an eye on the downtrend channel support 61.8% retracement from 2016

lows to 2018 highs at $1.2810, briefly broken on Friday, before challenging the

bottom of the trend channel at $1.2757. Bulls seek to break above the upper

bound of the downtrend channel at $1.2944 to change the outlook neutral. 

- Focus this week falls on the BoE MonPol decision & inflation report due

Thursday, as well as Gov. Carney's subsequent press conference. UK manufacturing

PMI will also provide some interest on Thursday. As a reminder, C'llr Hammond

releases the budget later today. Brexit headlines will likely provide the

driving impetus for thge rate, as ever.