Slippage from earlier posted NY high of.......>

CABLE: Slippage from earlier posted NY high of $1.3041 extends to $1.2941(76.4%

$1.2866-1.3185), with recovery efforts so far struggling to get a toe hold back

above $1.2950. Negative reports concerning Conservative-Labour Brexit talks,

expected Conservative Party drubbing in the upcoming European elections and

further calls for PM May to step down, had added to sterling woes during the day

making it more susceptible to risk aversion USD strength, following China

retaliation tariffs on imported US goods. A break of $1.2941/34 to expose the

Apr25 low of $1.2866. UK Jobs report due Tuesday at 0830GMT, with market looking

at any further upside pressure on wages which could further support chances for

a BOE rate hike this year. However, BOE officials have said that next move in

rates could be either way dependent on actual Brexit reaction.