• Cable falls to 1.2441 as global stock losses lift safe-haven dollar

• China's AI challenger DeepSeek sets off AI market rout

• 1.2441 is lowest level since Friday's two-and-a-half week high of 1.2502

• Support points include 1.2407, 23.6% Fibo of 1.2100-1.2502, and 1.2376

• 1.2376 was last Wednesday's high (Thursday top was half-a-pip shy of 1.2376)

• Net GBP position flips to first short since May 2024 - CFTC data

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(Robert Howard is a Reuters market analyst. The views expressed are his own)