GBP/USD drew support from the broader USD.....>

CABLE: GBP/USD drew support from the broader USD weakness on Monday & comments

from the EU Council that "some parts of the draft (Brexit) withdrawal agreement

have already been agreed in principle," although the Council did warn that

"nothing is agreed until everything is agreed." The latest press reports have

offered little new on Brexit. UK PM May told the BBC that the gov't would "make

a success" of a "no-deal" Brexit & that any disruption would be short-term.

Elsewhere, The Times reported that "the EU is insisting on cast iron guarantees

that Britain will not attempt to reopen the terms of any Brexit deal after it

has been signed," in lieu of Michael Gove's comments over the weekend.

- GBP/USD last deals at ~$1.3150, a touch softer on the session. The bullish

outlook for GBP/USD remains intact following yesterday's gains, with the 100-DMA

($1.3169) presenting the next level of resistance. Bears need to see a close

back below the 50-DMA ($1.2988) to suggest the recent gains have marked a false

break, but momentum is rapidly turning in favour of the bulls.

- UK CPI & retail sales headline this week, with BoE's Haldane also set to speak

& eyes on any Brexit developments at the latest EU summit.