Cable trades at $1.2567, a handful of pips....>

CABLE: Cable trades at $1.2567, a handful of pips lower on the day.

- The trendline resistance-turned-support at $1.2550 has provided support so far

and a break below would allow bears to target the 200-HMA at $1.2534. Bulls keep

an eye on the $1.2600 barrier, which capped gains on Jul 3, ahead of the 21-DMA,

situated just five pips higher.

- Friday saw the rate add 51 pips on the day, breaching a key trendline

resistance in the process. The move was largely driven by gyrations in USD,

which remained fragile on the back of dovish Fedspeak.

- The Times reported that Boris Johnson wants to try and make a post-Brexit

trade deal with the U.S. as first thing after becoming Prime Minister. This

comes after Friday's Telegraph story, which cited U.S. President Trump's

negotiators as saying that a U.S.-UK trade deal will depend on London's

willingness to take a harder stance against Huawei.

- UK inflation data comes out on Wednesday, while retail sales are due on

Thursday. BoE Gov Carney speaks on Tuesday.