Recovery off Monday's opening low of..........>

CABLE: Recovery off Monday's opening low of $1.2724(just shy of Friday's low of

$1.2723-fresh YTD low) extended to $1.2791 in NY, falling just shy of Friday's

recovery high of $1.2792. Rate was sold back to $1.2742 through the Europe close

but managed to recover to $1.2770 into the close. Trade through Asia was

contained within a range of $1.2755-76, the rate picking up some demand in Tokyo

as short JPY crosses were pared. Rate trades around $1.2765 in early Europe. UK

Employment Report provides the main domestic interest, MNI looking for robust

jobs and earnings. UK CPI and UK Retail Sales also due this week, Wednesday and

Thursday respectively. Whilst attention has been on Turkey, and its potential

contagion effects on the EUR, GBP has been seen in a consolidation mode but

Brexit concerns remain in the background, a report in The Times suggests

Conservative Brexiteers plan to challenge Theresa May directly by publishing

their own "positive" blueprint for a hard Brexit. Cable support $1.2755/40 ahead

of $1.2723. Resistance remains into $1.2800.