GBP/USD last deals at $1.2729, 5 pips.........>

CABLE: GBP/USD last deals at $1.2729, 5 pips better off. Bears look to the lower

Bollinger band (2%) at $1.2716 for support, ahead of the 76.4% fibo retracement

of the YTD range. Bulls target the lower 1.0% 10-DMA envelope at $1.2776,

followed by the 61.8% fibo retracement of the aforementioned range at $1.2800.

- Sterling was the worst G10 currency on Friday, as cross-party Brexit talks

collapsed, with Labour leader Corbyn telling PM May that the talks have gone as

far as they can," adding that his party will oppose the PM's Brexit deal. Brexit

uncertainty in combination with a strong U. of Mich. Sentiment reading out of

the U.S. dragged cable to its worst levels since mid-Jan.

- Over the weekend, PM May promised to present a "new and improved" deal, a

"bold offer to MPs across the House of Commons." Meanwhile, Labour leader Corbyn

said that it would be "reasonable" to put any Brexit deal to a vote.

- Points of note in the UK economic calendar this week include domestic

inflation data due Wednesday and retail sales due Friday. BoE's Broadbent will

speak later today, while on Tuesday he will join his BoE colleagues Carney,

Tenreyro and Saunders at a parliamentary testimony.