Cable climbs to 1.2493 on much better than expected UK April retail sales

Up 1.4% MM vs -0.2% f/c nS8N2W30BI. 1.2493 = intra-day high

1.2532 was Thursday's two-week high, as lower UST yields weighed on USD

See: nL2N2XB247. 1.2438 = ensuing low (1.2438 was Thursday's Ldn am high)

BoE chief economist Pill due to speak in Wales at 0730 GMT nL2N2XB11C

If Fed has to choose, markets could get much uglier nL8N2AZ61B