• Cable has traded an 18 pip range thus far Monday; 1.2926-1.2944

• Those parameters are within Friday's 1.2911-1.2954 London session range

• 1.2911 is low water-mark since the 18-week high of 1.2990 on March 12

• U.S. Feb retail sales data due at 1230 GMT; 0.6% MM forecast

• Fed and BoE are both expected to leave interest rates unchanged this week

• CFTC data: net GBP long rose 57% to 29,193 contracts in week ended March 11

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