It has been a relatively quiet start for......>

CABLE: It has been a relatively quiet start for the GBP crosses, with little in

the way of standout developments re: Brexit over the weekend, as UK PM May

sticks to her guns, while Brexiteer ministers continue to push for amendments to

the Brexit deal, which will seemingly be rebuffed on the continent. Finally, the

ERG seems to lack the numbers at present to force a confidence vote in the PM,

although a reporter at Guido Fawkes reminds us that some MPs wanted to take the

weekend to consult their constituencies on matters surrounding the PM's Brexit

deal. Elsewhere EU chief Brexit negotiator Barnier is set to put forward the

idea of the transition period being extended to 2022.

- GBP/USD last $1.2827, a few pips softer on the day. UK PM May heads to the

continent today, as GBP remains headline driven, with little in the way of tier

1 data apparent on the UK docket this week.

- GBP/USD has so far managed to hold up trendline support from the Aug lows at

$1.2704. Bears look to break below this level, before challenging the Oct 30 low

at $1.2696 & YtD low at $1.2662. Bulls need to recover the 100-DMA at $1.3019 to

change the short-term outlook, opening the Nov 7 high at $1.3175.