GBP$ firm into NY close, +0.25% at 1.2858; Thursday range 1.2871-1.2798

Early NorAm dip near 1.28 post-US data reversed on risk rebound

Sterling tests 1.28 after upbeat US retail sales reduced Fed cut odds

IRPR shows Fed 50BP Sept cut odds now 26%; less than 4 cuts priced to YE '24

GBP$ res at 1.2871 by last 3-day high area, 1.2939 July 24 high

Support 1.2798 Thurs low, 1.2782 daily cloud top, 1.2694 bruised 100-DMA

Friday's UK retail sales in focus; upbeat data likely puts GBP on path to 1.30