Bad start to the week for cable, presently down at 1.5885, off a full cent from the North American close Friday. Reserve bank of India has been seen buying below 1.5900, but it is so far only slowing rather than reversing the sell-off.
Sterling in general looking softer, EUR/GBP up at .8735 from early .8710, as speculation grows that the Old Lady could be close to introducing more QE.
Downside stops in EUR/GBP seen through 8700.
UPDATE: India also buyer EUR/USD
ANOTHER UPDATE: Just remembered India sold cable above 1.6050 Friday. Clever old sticks. Nice bit of profit-taking methinks.