The big mover on a light volume trading session to begin the week has been the Sterling. Sterling pairs are trading lower across the board, with the Cable hitting 2 year lows on an abrupt move lower. The Cable at the end of last week broke the 200 hour moving average twice, see the attached chart. The GBP/CHF pair is also approaching the full retracement of its recent August 14th lows, see the chart below.