GBP/USD consolidates after closing 0.5% higher Thu on better risk sentiment

Receding fears of U.S. recession, better-than-expected China data boost risk

Diverging Fed/ BOE rate expectations likely to limit GBP downside

Markets price in 105 bps of Fed cuts by Dec but only 42 bps of cuts by BOE

UK inflation, jobs & wages data, U.S. inflation data next week key for trend

Resistance 1.2800-10, 1.2850-60, support 1.2710-20, 1.2685

Thursday range 1.26655-1.2751; Asia range Friday 1.2738-1.2759

For more click on FXBUZ