Cable hits 1.1938 after tripping stops on the break below 1.2000

1.1938 is lowest level since Nov 30 (1.2003 was last week's low)

Ongoing UK strike action is negatively impacting sentiment towards GBP

Trains will be disrupted for five days (Tuesday-Saturday, Jan 3-7)

Bids may emerge near 1.1900 (Nov 30 low) if GBP/USD extends south

IMM net GBP short position up for first time in four weeks nL1N33O0C3