•GBP/USD recovered from the yesterday low of 1.3467 on better than expected UK retail sales. The pair jumped till 1.3607 and is currently trading around 1.3551.
•The surge in UK retail sales likely to boost BOE rate hike bets.
•On the higher side, the long-term trend line from the 2014 high act as a near term resistance and any break above will take the pair till 1.3700.
•Key support for the pair comes in at 1.3445 [September 2016 high].
Market awaits US Fed monetary policy for further direction.