###POV. An article in the Times, which says...>

CABLE: ###POV. An article in the Times, which says forty MPs have agreed to sign

a letter of no confidence in Theresa May, just eight short of the number

required to force a leadership challenge, has seen the pound get off to a weak

start for the new trading week, in what potentially could be a volatile week

ahead. UK parliament reconvenes this week following a short recess with Prime

Minister's question time likely to be a lively affair. Brexit news is never too

far from everyone's thoughts. Over the weekend EU's chief negotiator told a

French newspaper that he is planning for the possible collapse of Brexit

negotiations with the UK. On the macro front, UK inflation data is out on

Tuesday, the labour report on Wednesday and retail sales on Thursday. We will

also get to hear from some members of the MPC, with speeches from Carney,

Broadbent and Cunliffe. As for Cable, trading over the last 5 or so weeks has

been confined to a relatively narrow $1.3027 to $1.3338 range, a break either

side is likely to prove directional.