Corrective pullback away from last............>

CABLE: Corrective pullback away from last Thursday's(Feb7) high of $1.2996(seen

after BOE Carney was seen leaving the door open to a rate hike despite possible

no-deal Brexit turmoil) saw a low of $1.2921 before it recovered to $1.2976 in

early NY. General USD strength saw rate track EUR/USD slippage, eased to $1.2927

during the NY afternoon before it settled back above $1.2930 into the close.

Bloomberg charts show an early Asia high of $1.2950 before rate settled between

$1.2927-39 through the main part of a fairly subdued Asian session(Japan closed

for Foundation Day), opening Europe around $1.2934. UK PM May replied to Labour

leader Corbyn's offer of a cross-party compromise on the Brexit deal. Although

the PM agreed that more cross-party talks are needed, she ruled out key Labour

demands and stressed that she remains opposed to the UK staying in any customs

union with the EU. May has shown a willingness to offer fresh concessions on

workers' rights to woo Labour. 

- UK data focus on domestic GDP, as well as trade balance & production figures

at 0930GMT. CPI Wednesday & Retail Sales Friday. 

- BoE Gov Carney speaks Tuesday; MPC Vlieghe speaks Thursday.