GBP sits at the bottom of the G10 pile on.....>

FOREX: GBP sits at the bottom of the G10 pile on weekend Brexit headlines. The

EU reportedly rejected the latest proposal presented by PM May, with reported

threats of further impending cabinet resignations. This was followed by the

Independent reporting that "May has been forced to abandon plans for an

emergency cabinet meeting to approve a Brexit deal, after fresh opposition at

home & abroad." Although EU's Juncker thinks that the UK & EU are edging closer

to a "definitive Brexit deal that will be concluded in the coming weeks." Cable

last ~40 pips softer at $1.2929, off of session lows, EUR/GBP added ~18 pips. 

- Meanwhile, CAD outperformed on the developments at the weekend's OPEC+ summit.

The cartel discussed curbing output in 2019, while the Saudi Energy Minister

announced that the Kingdom will cut its crude exports in December. 

- NZD & AUD recouped early losses vs. the USD as risk appetite improved. 

- USD/JPY is marginally above the key Y114.00 level. Bulls seek consolidation &

eye the Oct 4 high at Y114.55. 

- The U.S. Veteran Day holiday may affect liquidity today. Elsewhere, the docket

is very thin, speeches from Fed's Daly & ECB's de Guindos headline.