• Cable has traded a 31 pip range thus far Monday; 1.3709-1.3740

• Those parameters are within Friday's 1.3684-1.3752 range

• 1.3770 was Thursday's 44-month high, as USD fell on Fed independence fears

• Trump says he won't appoint anyone to Fed who doesn't back rate cuts

• US-UK deal comes into effect. UK Q1 C/A deficit GBP 23.5 bln vs 19.8 bln f/c

• CFTC data: net GBP long fell by 20% to 34,395 contracts in week to June 24

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