Profit-taking on longs helps deflate cable to 1.2171 (intra-day low)

Another failure to break 1.2250 prompted the position adjustments

GBP/USD gains also topped out just shy of 1.2250 twice on Thursday

1.2250 is four cents above last week's three-and-a-half week low (Jan 6)

Asian session low was 1.2177 -- before unexpectedly positive UK Nov GDP data

See: nL8N33Y0ZE. UK jobs, inflation and retail sales data due next week