Cable steady early; UK retail sales due later

Well to be honest everything’s rather steady early, just how I like it on a Friday. Ease gentle into the weekend……

Cable sits at 1.5975.

Buy orders clustered 1.5950/60, sell stops below. Sell orders clustered 1.6000/10 and more noticeably 1.6040/50. Yesterday talk of buy stops through 1.6055 and I’m pretty sure that’s still the case.

09:30 GMT sees release of retail sales for December, expected +0.1% m/m, +2.0% y/y.