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

CABLE: Weekend reported comments from UK PM May (rules out second referendum)

and EU Brexit negotiator (strongly opposed to May's Chequers plan, adding that a

common rulebook for goods and not for services were not in the EU interests)

acted to weigh on sterling in a thin opening Asian market. Cable dropped to

$1.2892 from $1.2954 but quickly edged back above $1.29, managing to extend this

move to $1.2934 into Europe. However, early Europe has taken advantage of this

recovery and has eased rate back to $1.2923. Sterling remains vulnerable to

Brexit comment as negotiations intensify. UK Manufacturing PMI data due this

morning at 0830GMT, market median 53.9 vs last 54.0. Support seen into $1.2890,

a break to expose the Aug28 NY low of $1.2864 ahead of the Aug29 intraday low of

$1.2846. Resistance remains at and above $1.2930.