The British pound fell to a 12-day low versus the dollar on Monday as market started the week in a defensive mood and weighed by disappointing UK service PMI. GBP/USD bottomed out at 1.5960 during the European session after losing near 80 pips from daily highs and it was last at the 1.5975 zone, recording a 0.2% loss on the day. "As expected, the pair headed lower and below 1.6000 psychological barrier, and thus activated our weekly bearish scenario", says the ICN team. "Stability below 1.6000 will confirm further downside". Analysts at ICN locate supports at 1.5975, 1.5910 and 1.5865, while they see next resistances at 1.6000, 1.6050 and 1.6075.