Cable rises to a 1 year high, after retail sales bounce back 1.9% in January. Perhaps it was...

|By:, SA News Editor
Cable rises to a 1 year high, after retail sales bounce back 1.9% in January. Perhaps it was just the weather in December. Short sterling futures dive - now pricing in 125 basis points of tightening over the next year - as this puts more pressure on the BoE to hike. U.K. -0.5%. Cable at $1.6211.