• Cable rises to 1.2907 as positive U.S. stock futures lift risk-sensitive GBP

• 1.2862 was Monday's low, as U.S. equities tanked: Nasdaq closed down 4%

• Monday's hefty stock losses prompted by recession risk for U.S.

• GBP/USD offers likely pre-1.2950 (1.2946 was four-month high Monday)

• Peacock: UK must ignore rigid debt rules to boost growth in 'changed world'

• House Republicans set up Tuesday vote to avoid U.S. government shutdown

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(Robert Howard is a Reuters market analyst. The views expressed are his own)