Cable dipped below Friday’s 1.6050 low but follow-through was very modest, only a few pips. Lack of follow-through after breaking to a new low is often a sign for short-term traders to square up and look for better selling levels. Rebounds have been nothing to write home about thus far, only to about 1.6060. Traders note talk of a 1.6000 barrier if the pound loses further ground.