GBP$ -0.14% at 1.2533 in NorAm afternoon; NY range 1.2523-1.2502

US jobless claims in-court, ultimately shrugged off after dip to session low

Liquidity light owing to Boxing Day holiday, yearend

UST yields off early NY highs provides slight boost from NorAm post-data low

Friday only tier-2 U.S. Adv trade balance, wholesale/retail inventories

Rates remain key driver, no significant U.S. or UK advantage priced for 2025

LSEG's IRPR indicates Fed landing 4.15%, BoE 4.23% by Dec 2025 rate meetings

Res 1.2552 Thurs high, 1.2580 falling 10-DMA, 1.2643- 50% of 1.2811-1.2475

Supt 1.2502 Thurs low, 1.2482 lower 30-d Bolli, 1.2475 trend low Nov 22