Cable reaches 1.2527 as it pushes its recovery envelope from 1.2412

1.2412 was Thursday's 21-month low, as USD rose to 20-year high nL2N2WQ2MA

Rise to 1.2527 influenced by USD position adjustments into month-end

See: nL2N2WR0D6. China set to step up policy support nL2N2WR07P

Offers may emerge near 1.2566 (Thursday's high) if GBP/USD extends north

Fed/BoE event risks next week; 25 bps BoE rate hike expected nL5N2WO38Z