• Cable dips to 1.3385 on worse than expected UK retail sales data

• Down 0.4% in Sept vs minus 0.1% forecast. 1.3385 is intra-day low

• Asian session range was 1.3388-1.3407 (pre-UK data)

• There is a big 1.3400 option expiry for the 10am ET New York cut

• 1.3355-1.3418 was Thursday range: 1.3418 is five-week high

• UK Oct flash PMI data due at 0830 GMT; services PMI forecast at 51.8

GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)