GBP downbeat as May faces internal............>

FOREX: GBP downbeat as May faces internal resistance to Meaningful Vote 3

-Sterling is the poorest performer in G10 Monday, with GBP/USD erasing Friday's

gains early doors as UK PM May faces further resistance from her party lawmakers

to tabling her Meaningful Vote 3 in the House of Commons this week. Influential

Tory MP Boris Johnson wrote over the weekend that bringing May's deal back to be

voted on this week would be "absurd", adding that for many it's impossible to

back May's proposals.

-Elsewhere, risk sentiment is far more positive, with mainland European indices

sitting higher alongside US futures. This has fed through into AUD and NZD,

which are the best performers so far Monday. AUD/USD trades well above last

week's best levels and now eyes resistance at the $0.7136 50-dma.

-JPY and USD sit slightly lower, but well within recent ranges ahead of key risk

events later in the week, including central bank decisions from the US, UK,

Norway and Switzerland.

-ECB's de Guindos and Praet speak later today, at 1315GMT and 1510GMT

respectively.