Cable extends south to threaten 1.2467 following Riksbank rate reduction

1.2467 was last week's low. It is also 50% retracement of 1.2299-1.2634

Riksbank rate reduction is boost for doves advocating BoE rate cut in June

Two of the nine Times Shadow MPC members want BoE to cut rates this week

Ramsden may join Dhingra in voting for cut on Thursday. 5-4 for cut in June?

GBP/USD support points below 1.2467 include 1.2450 and 1.2427 (61.8% Fibo)