Cable holds below 1.24 after pre-weekend drop to 1.2367 on dovish Ramsden

1.2367 is lowest level since mid-Nov. 1.2467 was Friday's high (pre-Ramsden)

Ramsden's view suggests he could join Dhingra in voting for rate cut in May

There is a large 1.2400 option expiry for the 10am ET NY cut nL2N3GV09V

CFTC data showed net GBP long shrank to 8,619 contracts in week to April 16

8,619 contracts is smallest net GBP long since Dec flip from net GBP short