• Cable pushes through July’s 1.3556 high, tagging a fresh three-month peak at 1.3560

• USD under pressure after a soft US retail sales print (-0.6% vs +0.1% m/m)

• Data further reinforces case for Fed hold at the September meeting

• With sterling clearing the July resistance, 1.36 is the next near-term objective

• A decisive break here opens the door to a cluster of hurdles between 1.3658-1.3867

• Focus shifts to next week’s UK data deluge
GBPUSD daily chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))