Cable has edged higher in early European trade, presently up at 1.6235. Initial resistance 1.6245/50. Probably some stops parked just North of there.

09;30 GMT sees release of UK retail sales data for December expected +1.1% m/m.

Out earlier, encouraging John Lewis data, which showed latest weekly sales to Jan 16 up hefty 11.1% compared to a year earlier.