Cable rips to the highest since July 16

Cable up 140 pips on the day

Irish border worries are no problem for the pound.

The US dollar is under broad pressure but GBP is especially strong, in part due to yesterday's upbeat CPI number combined with today's retail sales at +0.3% compared to -0.2% expected.

Technical buying is adding to the momentum as the 100-day moving average is broken and the late-July high gave way. The July 16 high of 1.3293 is now being pressured but is holding. Watch for more stops if it breaks.