Sterling appears to need a constant stream....>

CABLE: Sterling appears to need a constant stream of positive Brexit news to

keep outlook positive, without it spec longs are seen trimming back, which along

with a generally stronger USD is helping to press cable lower. Cable saw a high

last week at $1.3350(Feb27) and has since slipped back, though risk positive

weekend news did give the pound some buoyancy in early Monday trade but that

quickly faded away through the day. Cable extended its corrective pullback to

$1.3150 in earlier Asian trade before it settled around $1.3160 into Europe.

Last week's move up broke above its 50-wma(and closed the week above), which

this week comes in at $1.3135 and has moved back into touching distance with a

good chance we could see a challenge. If level holds it should provide a decent

base for another push higher. 

- Attorney General Cox travels to Brussels later today to negotiate amending the

Irish backstop clause. The outcome of his attempts may be crucial in shaping the

Brexit timeline.

- UK data focus on key UK services/composite PMI data. BoE Gov Carney speaks at

1535GMT.