• Cable eyes 1.2575 (Jan 7 high) after extending north from 1.2454

• 1.2454 was low after US PPI data: details suggest core PCE likely easing

• Gains aided by Trump stopping stop of imposing new tariffs on Thursday

• Offers may emerge near 1.26 if 1.2575 vaulted (1.2600 expiry next Tuesday)

• 1.2550 and 1.2515 are support points. 1.2550 was high last week (Feb 5)

• 1.2515 was post-UK GDP high. US retail sales due 1330 GMT; minus 0.1% MM f/c

GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)