GBP$ soft into NorAm close, -0.36% at 1.26; Thursday range 1.2660-1.2577

Mounting geopolitical risks stir broad flight to USD; $IDX new 2024 high

Support at 1.2598 tested, close below puts May 9 low at 1.2446 in focus

As per IMM report GBP specs held $4.5bn net short; longs -120k contracts

Large long component hints at further declines; short leg has been steady

Sterling near its trend low awaiting data, c.bank guidance nL1N3MS0L5

Friday UK ret sales, flash PMIs and U.S. PMIs in focus

Putin says Russia fired hypersonic ballistic missile at Ukraine in warning to the West nL8N3MS1SW