Cable trades around 10 pips higher at.........>

CABLE: Cable trades around 10 pips higher at $1.3145.

- It has been another heavy Brexit headline weekend. Brexit Min Raab noted that

"Britain will refuse to pay its GBP39bn divorce bill to Brussels if the European

Union fails to agree a trade deal." Elsewhere, the Guardian reported that "the

UK will not be saved from crashing out of the EU via an extension of the article

50 negotiations unless there is a major realignment in British politics, most

likely through a second referendum or general election, senior diplomats and

European commission officials have disclosed." The FT also reported that

Brussels has rejected the UK's proposals on how to govern the City of London's

access to the European market after Brexit, saying Theresa May's latest

financial services plan would rob the EU of its "decision-making autonomy."

- Cable has breached the 50% retracement of the move from $1.3293 to $1.2958

($1.3126), with the hourly high from July 17 observed at ($1.3150), followed by

the 50% retracement of the move from $1.3363 to $1.2958 ($1.3161).

- The UK docket is somewhat limited this week, with eyes on next week's BOE

MonPol decision.