Cable reaches 1.2165, high since Dec 21, after extending north from 1.1842

1.1842 was Friday's six-and-a-half week low (before U.S. jobs report)

USD hurt by dovish shift in Fed expectations following Friday's U.S. data

U.S. ISM service sector index 49.6 vs 55.0 f/c; AHE 4.6% YY vs 5.0% f/c

27% chance of 50 bps Fed rate hike on Feb 1 (vs 50% Thursday) FEDWATCH

1.2100 (pre-weekend high) is now a GBP/USD support point (1.2092 = Asia low)