GBP/USD last sits at $1.2818, 9 pips worse....>

CABLE: GBP/USD last sits at $1.2818, 9 pips worse off ahead of a busy day. Bears

eye the 200-DMA at $1.2715; bulls target the Oct 24 high of $1.2950.

- Member states' ambassadors to the EU will gather later today to discuss the

UK's request for a Brexit extension. A draft proposal seen by several reporters

mentions a flexible delay until Jan 31, but it remains an open question if

envoys will quickly reach consensus. The final verdict is expected on Tuesday.

- UK MPs are poised to reject PM Johnson's motion to call a snap election on Dec

12 today. The motion needs a 2/3 majority to pass & over the weekend Labour

reiterated that they'll not give a nod unless no-deal Brexit is ruled out.

- The Lib Dems abandoned their bid for a 2nd referendum, joining the SNP in a

push for a snap elex on Dec 9. It could be brought about by exploiting a

legislative loophole that allows to circumvent the 2/3 majority requirement.

Tory off'ls showed scepticism, but sources told BBC & Guardian that the gov't

could explore this route, if its original motion is rejected on Monday. The Lib

Dem/SNP plan would oblige the gov't to put its Brexit deal aside until the elex.

- BoE's Tenreyro speaks later today; UK Markit m'fing PMI comes out on Friday.