Knee-jerk quarter-cent cable losses to lows just shy of 1.9595 followed the disclosure that October's US trade deficit contracted by a much larger than expected amount to $58.87bn.
GBP/USD has since recouped those losses. 1.9595 was yesterday's Greenspan-spurred high. Offers are touted at 1.9650, with some stops tipped above that level. The flagged stops could inflate the rate towards 1.9700 if tripped. 1.9729 was last Friday's post-Michigan Sentiment high.
Sterling scaled an intra-week peak just shy of 1.9650 during the European morning, after the 09:30GMT unveiling of November's above-forecast UK annualized CPI.
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