• Cable down to 1.3692 as larger than expected UK Q1 C/A deficit weighs on GBP

• 23.5 billion pounds vs 19.75 bln forecast. 1.3740 was high pre-UK C/A data

• 1.3692 is eight pips above Friday's low (1.3770 was Thursday's 44-month top)

• UK lenders report surprise rise in mortgages in May, consumer lending cools

• Pound could slip if Starmer can't get a grip (welfare reform vote Tuesday)

• Trump's "big, beautiful" bill set to further tarnish USTs lustre overseas

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