Weekend Brexit comments from UK PM May........>

CABLE: Weekend Brexit comments from UK PM May (ruling out a second Brexit

referendum) & EU Brexit negotiator Barnier (opposing May's Chequers plan) had

GBP under pressure from the off on Monday, with downside pressure given further

legs during the EU morning on the back of a soft UK M'fing PMI print, as GBP/USD

touched a low of $1.2855. UK Parliament returns from summer recess on Tuesday,

with Brexit scrutiny exp. to increase.

- There has also been conflicting reports, both suggesting & denying, that BoE

Gov Carney will extend his term, with potential confirmation at his Tsy Select

Committee hearing on Tuesday.

- The rate last deals at $1.2865. The close below uptrend support from the Aug

15 low ($1.2888) adds to downside momentum, with bears targeting the YtD low at

(1.2662). Bulls look to reclaim $1.2900, to target the 50-DMA ($1.3029). A break

here would confirm a solid base is forming, opening the August highs ($1.3143).

- Focus on Tuesday falls on the aforementioned Tsy Select Committee hearings for

several BOE MPC members and parliament gathering after its Summer recess.