The risk averse theme spilled over into.......>

CABLE: The risk averse theme spilled over into Europe with GBPUSD extending the

downtrend to $1.2702, before basing. The Times reported that a number of UK

cabinet ministers have suggested to PM May that she delays next Tuesday's

parliamentary vote on the Brexit deal for fear she might lose so badly it brings

down the government. The Guardian also reported that PM May and her Chief Whip

are discussing a new amendment to the Meaningful Vote with Brexiteers, which

would provide a 'parliamentary lock' on the backstop, meaning it cannot be

entered into without consent of MPs. Light on the calendar today with main focus

this morning turning to PM May who will be on Radio 4 today at 0810GMT. Should

GBPUSD break the $1.2700 level it opens another run at the ytd Dec4 low of

$1.2659. GBPUSD last $1.2712.