By Peter Stoneham — Oct 18 - 02:10 AM
Strong UK data adds to sterling's Thursday rally: up 0.3%
UK Sept retail sales rise 3.9% y/y vs 2.5% in Aug: 3.2% Rtrs poll
On the month a 0.3% rise from a 1.0% gain previously: -0.3% Rtrs poll
GBP/USD turned a corner Thurs ahea of key support points
Daily cloud base and 100DMA at 1.2967 and 1.2958, respectively
Rebound now eyes the daily cloud top and 10DMA at 1.3059
Oct. 15 1.3103 high a bull target
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Source:
Refinitiv IFR Research/Market Commentary