Cable climbs to 1.2505 on rise in risk appetite (pound is risk-sensitive)

China stocks rebound, with Hang Seng closing up 1.75% vs opening 0.5% fall

1.2443 was GBP/USD low in Asia (following pre-weekend drop to 1.2445)

Biden, Republicans search for outline of debt-limit deal nL1N37C0QA

Offers may emerge near 1.2540 (Friday's high) if cable extends north

BoE Governor Bailey to speak at BCC conference on Wednesday nL1N37C0SU