UK Trade minister Fox told the Times that.....>

CABLE: UK Trade minister Fox told the Times that "Brexit is on a knife edge and

the chances of Britain leaving the European Union are "50-50" if MPs reject

Theresa May's deal." Elsewhere, EU's Juncker told the UK to "get your act

together" over Brexit. Finally, the Observer reported that "senior Tory and

Labour MPs are planning to force the government to delay Brexit by several

months to avoid a no-deal outcome if Theresa May fails to get her deal through

parliament in January."

- Cable last $1.2703, 5 or so pips higher on the day, after adding 50 pips or so

Friday, closing above the 21-DMA in the process. Bulls now target consolidation

above the Dec 20 high at $1.2707, followed by hourly resistance from Dec 10 at

$1.2720, in order to allow them to focus on the Dec 10 high at $1.2769 50-DMA at

$1.2787. Bears look for a break below the 21-DMA of $1.2658 & Friday's low at

$1.2635.

- Services PMI, due Friday, provides the focal point of the UK docket this week,

with the manufacturing survey due Wednesday.