Sterling remains well supported by............>

CABLE: Sterling remains well supported by Brexit/Election, and while this

outlook remains positive (as regards a Brexit deal) a gradual paring of long

term shorts should continue to keep sterling buoyed. Cable extended its recent

recovery to $1.2985 Monday with pullbacks supported above $1.2940, closing the

day around $1.2953. Rate drifted off to $1.2945 in early Asia before it picked

up fresh demand that lifted it to $1.2965, with further bid interest into Europe

able to extend move to $1.2970. Resistance now seen at $1.2970, stronger from

$1.2985 through to $1.3000. Traders note that the $1.3000 level holds strikes of

expiring GBP call options for Wednesday and Thursday NY cuts, Gbp1.18bln and

Gbp1.49bln respectively. Support remains into $1.2940 ahead of $1.2920 and

$1.2900.

- A light data calendar in the UK Tuesday. Most attention set on tonight's

Johnson/Corbyn televised debate 2000GMT ITV