GBP/USD trades unch. at $1.2893, as fresh.....>

CABLE: GBP/USD trades unch. at $1.2893, as fresh headlines re: Brexit failed to

drive price action in any substantial manner. Early Asia hours saw press reports

of Labour Party's leader Corbyn backing a Commons vote that could result in a

second Brexit referendum. Elsewhere, up to 40 gov't ministers are said to have

threatened their resignations if they are forbidden to support a backbench

amendment formally blocking a no-deal Brexit. 

- The rate advanced 20 pips Monday, as PM May outlined her plan B to lawmakers,

which saw little changes from plan A, but struck a positive note re:

negotiations with EU leaders in the coming weeks. 

- Initial resistance noted at Monday's high of $1.2911, ahead of $1.2947, which

represents the 61.8% fibo retracement of the move from $1.3001 to $1.2848.

Conversely, bears eye Monday's low of $1.2831 and a fall through that level

would open up the 55-DMA at $1.2770. 

- UK labour mkt data comes out Tuesday, but Brexit matters remain in the

spotlight.