• Cable rises to 1.35 as pound benefits from UK April retail sales data beat

• Up 1.2% MM vs 0.2% f/c. First time GBP/USD has traded at 1.35 since Feb 2022

• Dollar is suffering on U.S. fiscal health worries

• Cable bull targets include 1.3750 and 1.40 (last at 1.40 in June 2021)

• 1.3468 (Wednesday high) is now a support point, pre-1.3440 (Thursday top)

• UK removes official accreditation from past producer price data

GBPUSD

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