Dipped below $1.2100 at the Asia open as......>

CABLE: Dipped below $1.2100 at the Asia open as markets reacted to reported

comments from BOE Chief Economist, in which he said the Bank are reviewing a

number of policies, including negative interest rates, expanding scope of asset

purchase scheme. Cable touched edging back around $1.2100 on early risk

appetite, and reacting to a Times story suggesting EU were softening their tone

on Fishing Rights in Brexit negotiations. Positive outlook for risk gained pace

in Europe which allowed cable to pare Friday losses, trading on to $1.2209 in

early NY as positive COVID drug news lifted the Dow/risk outlook. Dovish BOE

Tenreyro comments saw rate dip to $1.2172 only to bounce back, pulled higher by

positive EUR news concerning a French-German post COVID recovery plan, to

$1.2227. General EUR strength saw EUR/GBP bounce off an earlier low of Gbp0.8894

to Gbp0.8960, which provided some counter to cable gains. Cable drifted back to

$1.2175 with recovery efforts capped this time at $1.2200.

- Markets to watch BOE Bailey, Broadbent and Cunliffe at the TSC Tuesday,

negative rates door to remain open(1430BST).

- UK Employment/Earnings Report at 0700BST.