There has been little reaction to the.........>

CABLE: There has been little reaction to the latest round of Brexit headlines

from over the weekend, which saw UK Trade Min Fox suggest that there is a 60-40

chance of a no deal Brexit scenario, which has been played down by Downing St

sources, stressing that UK PM May is confident that she will get a positive

outcome re: Brexit matters.

- GBP/USD stabilised on Friday, with a corrective rebound developing & sub-$1.30

close on the weekly charts avoided, just. The pair last deals at ~$1.3000, with

gains limited and within the bearish structure, suggesting focus will return to

the downside in the coming week. Indeed, failure to regain the $1.3064 level

will leave the bearish picture in place suggesting a retest of the $1.2974 and

$1.2958 lows. Below here the lower boundary of the major descending channel at

$1.2915 is likely to be targeted.

- GBP traders will focus on Friday's UK GDP estimate & output data.