GBP/USD sits a touch lower at $1.2427 after...>

CABLE: GBP/USD sits a touch lower at $1.2427 after falling 70 pips yesterday on

the back of Brexit matters that played out against the risk-off backdrop.

Resistance noted at the $1.2506 100-DMA; support at yesterday's low of $1.2400.

- Risk aversion that followed the weekend attack on a major Saudi oil facility

had already pressured cable in yesterday's Asia-Pac trade, with UK PM Johnson's

hard-line Brexit stance adding weight. The bearish tone was sustained as Johnson

emerged from talks with EU Commission Pres Juncker without any material success.

He also met with a rather cold reception from Luxembourg PM Bettel and skipped a

joint press conference, set up close to anti-Brexit protests, giving his host

the opportunity to deliver a one-man show & lash out at the Brexit "nightmare."

- The hearing of the case against PM Johnson's decision to prorogue parliament

before the UK Supreme Court got underway on Monday. Elsewhere, UK FCA chief

called upon the EU to rethink its plan to ban traders from member states from

using London exchanges after Brexit.

- The BoE is ready to deliver its policy decision on Thursday. Retail sales hit

on the same day, after Wednesday's publication of the latest inflation data.