GLOBAL MARKETS-Asia shares edge higher, sterling slugged by UK politics

* Sterling hit as two UK ministers resign over Brexit

* Nikkei leads Asia shares higher in early trade

* Balanced U.S. jobs data suggest Fed can stay gradual on hikes

By Wayne Cole

SYDNEY, July 9 (Reuters) – Asian share markets crept higher on Monday following favourable U.S. jobs data, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.

The pound peeled off around a third of a U.S. cent to $1.3292 in early trading as news broke British Brexit Secretary David Davis and Brexit Minister Steven Baker had resigned.

The loss came just two days after a meeting at May’s Chequers country residence supposedly sealed a cabinet deal on Brexit and underlines the deep divisions in her ruling Conservative Party over the departure from the EU.

Sentiment in other markets was mostly positive after Friday’s U.S. payrolls report showed tame wages and more people looking for work.

“The combination of rising employment and increased labour force participation suggests healthy but not tightening labour market conditions in June, something that will allow the Fed…

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