Cable ascent to 1.2160 intra-day high aided by some profit-taking on shorts

Profit-take flow kicked in after Thursday's 1.2093 two-week low respected

IMM speculators recently flipped to first net GBP short position since April

Offers expected pre-1.22 if GBP/USD extends north (1.2191 was Thursday high)

Earlier drop to threaten 1.2093 was spurred by weak UK retail sales data

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