Cable gains after US retail sales
The US dollar slipped after the retail sales report and a strong bid for the pound materialized. The rally in cable took the pair to the highs of the week at 1.3133 before a slight pullback to 1.3225.
Yesterday cable tried to make a run higher earlier but was pulled back on a USD-bid following a weak Treasury auction.
In the big picture, the pound continues to consolidate in a relatively tight range after the big July rally.
The August high was 1.3186.