Rise in UST yields in late NY Friday..........>

CABLE: Rise in UST yields in late NY Friday provided boosted the USD and allowed

cable to extend its corrective pullback away from earlier highs of $1.3286 to

$1.3172 but had managed to edge back above $1.3200 into the close. The pullback

only seemed to make a half hearted attempt to move back toward its 50-wma,

$1.3154, having broken this line earlier in the week. The close above seen

adding to the recent upside bias(50-wma today comes in at $1.3137). Cable was

marked up at this morning's Asian open as traders reacted to weekend events, US

Trump again criticizing Fed Powell over tight money policy causing a strong USD

and Michel Barnier comments that he is working on legal add-on to the Brexit

deal to help PM May. Positive noises from certain members of the ERG (strong

Brexit element in the Conservative Party) have also help to buoy sterling. Cable

began at $1.3255 and pushed up to $1.3273 before the USD recovered and rate

dropped back to consolidate around $1.3230 through most of the session. 

- UK focus this week turns to domestic construction PMI due later today,

services/composite PMI due Tuesday. Elsewhere, central bank rhetoric will be

provided by BoE's Carney, Cunliffe, Saunders & Tenreyro.