Cable awaits US retail sales data after hot UK pay-spurred rise to 1.2707

1.2707 is high since Dec 12 (1.2709 is technical resistance level)

US retail sales due 1330 GMT; 0.5% f/c. Hawkish Fed cut expected Wednesday

UK inflation data due Wednesday at 0700 GMT; CPI forecast to rise to 2.6%

BoE rate hold expected Thursday; how many times will BoE cut in 2025?

GBP/USD support points include 1.2669 (intra-day low), 1.2625 and 1.2600