Press reports at the weekend suggesting PM....>

CABLE: Press reports at the weekend suggesting PM May to make a 'bold offer' in

a last ditch attempt to get her Brexit deal approved provided sterling with a

much needed lift in opening Asian trade, the move also helped by the stronger

reaction in the AUD to the election result there. Cable pushed up to $1.2752,

extending the recovery off its late Friday low of $1.2715, but thin trade, and

risk getting another knock as Google announced it would cut off China's Huawei

from updates to the Android operating system, acted to weigh back on the early

enthusiasm, and rate settled between $1.2725-42 through the balance of the

session. Early Europe sees rate drift lower, currently around $1.2730. Support

seen at $1.2715 through to $1.2700, a break to expose $1.2670(Jan15 low).

Resistance $1.2750/60. 

- BOE Broadbent speaks at 1630GMT, private event, though text to be released.

- Focus this week on Tuesday's appearance by BOE Carney, Broadbent, Tenreyro,

Saunders at 0830GMT to testify on the Inflation Report at the TSC. Wednesday

provides key CPI data. European elections Thursday May23.