Fresh market-moving influence over GBP/USD may be exerted by the imminent 12:30GMT disclosure of US September retail sales. These are forecast +0.2% m/m.
A better-than-expected number could depress cable towards touted bids at 1.8580. The bids reside a couple of pips below today's Asian session base. Lower support points include 1.8560, 1.8537, 1.8517, and 1.8500. A supra-national entity was seen on the bid below 1.8560 yesterday. 1.8537 was yesterday"s base.
1.8517 was Wednesday's 11-week low. A large exotic option barrier reportedly resides at 1.8500. This is slated to expire on Monday.
1.8630/35 is a sterling resistance window, with Asian Central Banks seen on the offer ahead of 1.8635 in early European trade. 1.8650 is an upper obstacle.
US September import prices will also be revealed at 12:30GMT. These are forecast down 1.3% m/m.
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