Sterling under mild pressure in early.........>

CABLE: Sterling under mild pressure in early European trade, cable extending its

intraday lows, through the earlier Asian base of $1.3250, to $1.3236. Support

seen at $1.3232(76.4% $1.3211-98), a break to expose Friday's low of $1.3211, as

wellas the May29 YTD low of $1.3205. GBP/USD continues to focus on both

political and economic developments, with Brexit matters remaining front and

centre. Party rebellion continues to hang over UK PM May, as pro-EU Tories

threaten a veto of her Brexit policy if she doesn't make concessions.

The BCC also trimmed its expectations for UK growth overnight.

- Thursday's BoE decision dominates the docket this week, with no change

expected focus will fall on the BoE's rhetoric ahead of August's QIR & press

conference.