Cable falls to 1.2888 as dollar benefits from fresh 'Trump trades'

1.2888 is three pips shy of Friday's low (1.2925 was Asian session high)

Euro fares worse than pound, with EUR/GBP down to 0.8286 (31-month low)

GBP/USD bear targets include 1.2835 (Nov 6, six-week low) and 1.2800

US CPI data due Wednesday: 0.2% MM; 2.6% YY forecast. Core f/c 0.3% MM

CFTC data showed net GBP long fell 32% to 16-week low before Trump win