• Cable reaches 1.2450 as it pushes its recovery envelope from 1.2353

• 1.2353 was Thursday's nine-month low (after 181 pip drop from London open)

• Offers may emerge around 1.2475 (Nov/Dec low) if recovery rally extends

• Stops below 1.2475 were tripped on Thursday. More offers likely by 1.25

• BCC survey says 55% of British companies plan to raise prices

• Musk turns on Farage and says he should quit as Reform leader

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