• Cable consolidates gains ahead of Trump-Putin call later today

• 1.2999 was Monday's 19-week peak, after USD fell on U.S. retail sales miss

• GBP/USD might add to gains if Russia agrees to ceasefire in Ukraine war

• Pound fell against safe-haven dollar when Russia invaded Ukraine in Feb 2022

• UK to cut welfare payments in bid to address spiralling costs

• Fed rate hold expected on Wednesday. BoE rate hold expected on Thursday

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