GBP/USD last deals at $1.2957, unchanged on...>

CABLE: GBP/USD last deals at $1.2957, unchanged on the day. Below yesterday's

low of $1.2941 would allow bears to set their sights on the 1.0% 10-DMA envelope

at $1.2905. A return above $1.3000 would bring the 100-DMA at $1.3010 into play.

- Although Monday saw cable climb from the off, the pair pulled back sharply

into the WMR fix after topping out at $1.3041. The decline was inspired the

greenback's safe haven status amidst the intensifying Sino-U.S. trade war, as

well as the UK's own political uncertainties.

- PM May's representatives met with their opposition counterparts to discuss

Brexit matters yesterday, but press reports pointed to lack of progress.

Meanwhile, the PM is facing continuous calls to step down as party/gov't leader,

with the Tories expected to suffer defeat in the upcoming European elections.

- The Telegraph reported that May considers holding a series of "definitive"

votes on Brexit alternatives, where the MPs will be able to rank different

options in the order of preference.

- UK focus turns to domestic labour market data, which hits later today.

Elsewhere, BoE's Haskel is set to speak on Thursday.