Currently 1.2344 after an early dip to 1.2325

Expect more two-way business and I continue to play from the short side.

UK retail sales at 09.30 GMT

Offers: 1.2380 1.2400 1.2420 1.2450 1.2475-80 1.2500 1.2520 1.2550

Bids: 1.2320-25 1.2300 1.2280 1.2250 1.2230 1.2200 1.2185 1.2150 1.2100