Weekend press alive with talk that UK.........>

CABLE: Weekend press alive with talk that UK Brexit plans were again running

aground saw sterling under pressure into the Asian open. Cable closed in NY at

$1.2969, after it partially recovered off its late low of $1.2959. Rate was

marked lower in Asia, opened at $1.2918 but was able to recover to $1.2947

before it fell through $1.2900 ahead of Europe. Early Europe added further

weight and has taken rate to an extended low of $1.2870, with additional weight

provided by EUR/USD's drop below $1.1300. Cable retains a heavy feel, next

support at the Oct29 low of $1.2853 moves into view. Break of $1.2850 to expose

$1.2810/00. EUR/GBP, which had extended its recovery to Gbp0.8774 in opening

Europe trade, seen reflecting the sharp fall in EUR/USD as it pulled back to

Gbp0.8752. Brexit headlines suggest UK Brexit plans in disarray, a Cabinet

resignation over the weekend with possibility of more to come. Brexit headlines

to drive direction.