Recovery off Friday's low of $1.3254..........>

CABLE: Recovery off Friday's low of $1.3254 extended on to $1.3362 post fix,

overcoming the NFP set back which saw rate dip to $1.3284 off an initial rally

high of $1.3337. Rate found support around $1.3340 before it closed the week

around $1.3350. Thin opening conditions for the week, as NZ out today, saw rate

mark a low of $1.3332 before fresh demand emerged to take recovery on to $1.3377

before momentum faltered. Pullback was supported at $1.3365 ahead of the

European open. The USD seen trading soft as European political concerns from

last week fade, with weekend US/China trade talks failing to make much progress,

has seen EUR/USD lead the correction allowing in turn EUR/GBP to nudge up to

Gbp0.8748, as cross further extends its recovery off its NFP react low of

Gbp0.8726. This recovery in the cross seen providing some counter to cable's

correction. UK Construction PMI provides domestic data interest Monday but more

focus seen on Tuesday's release of key Services PMI Tuesday. Cable resistance

seen from the earlier high of $1.3377, a break of $1.3385 suggested to

accelerate upside gains. Support $1.3360 ahead of early Asian low of $1.3332.

BOE MPC Tenreyro  speaks at 1700GMT.