By Rob Howard — May 17 - 09:35 AM
Cable continues to respect 1.25 resistance level after strong U.S. data
U.S. April retail sales up 0.9%; March retail sales upwardly revised by 0.7%
See: nL2N2X911Z. U.S. April industrial output +1.1% vs +0.5% f/c
1.2498 was pre-retail sales data high, on strong UK jobs data nL5N2X91BH
1.2498 = highest level since May 5 (1.2156 was last Friday's two-year low)
Britain sets out new law to fix post-Brexit N.Ireland trade nL5N2X91DJ
GBPUSD Click here
Source:
Refinitiv IFR Research/Market Commentary