Cable trades 30 pips off session lows, at.....>

CABLE: Cable trades 30 pips off session lows, at $1.2764 at writing, ~15 pips

higher on the day, after dropping more than 40 pips Friday. The pair's uptick

has occurred despite pessimistic Brexit headlines over the weekend, focus

continues to fall on the viability of PM May's Brexit deal & her government as

the Labour Party said they will move a no-confidence vote if the document fails

in the House of Commons, with similar murmurings from the junior coalition

party, the DUP, in weekend press reports. Also worth noting that the Telegraph

reported that May's chief Brexit adviser Robbins secretly warned her that the

customs backstop is a "bad outcome" for the UK. 

- Initial resistance is located at Friday's intraday high of $1.2810.

Conversely, initial support is provided by Friday's lows of $1.2735.

- UK m'fing PMI due later today, with Services PMI due Weds. Elsewhere, BoE's

Haldane will speak Monday (although no text will be released), BoE Gov Carney,

Cunliffe & Broadbent, as well as BoE's Vlieghe speak Tues, while BoE's Ramsden

and Broadbent are due to speak Thurs.