UK retail sales coming up in 10 mins..........>

CABLE: UK retail sales coming up in 10 mins. Reactions in GBPUSD have been muted

in the last three releases:

In September (data for Aug) +0.5%M/M surprise to ex-autos, no market reaction.

In August GBPUSD spiked 30 pips higher on +0.9%M/M surprise. Move fully reversed

by 10am.

In July GBPUSD fell 40 pips in the period from 1 minute before the release to 3

mins after. +0.9% M/M surprise and GBPUSD recovered 30 pips through the next

half hour before resuming downtrend for the rest of the day.

Our data team highlighted yesterday that there have been two large surprises in

September releases since 2010, with +1.8% surprise in 2015 and -1.5% surprise in

2010. Excluding these outliers, the average surprise is -0.08%.

Key support at 100dma $1.3094 with a break lower opening up moves to Oct8 low at

$1.3028.

Key resistance at yesterday's high of 1.3193 with a break opening up a move to

Oct high of $1.3258.