The British pound moved higher vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.9930 level and was supported around the $1.9810 level. Technically, today’s intraday high was right around the 61.8% retracement of the move from $1.9170 to $2.1160. CBI’s monthly distributive trades survey saw 39% of companies report higher sales in the first half of January for a rounded balance of +4, more-than-expected. Also, Land Registry house prices for December in England and Wales were off 0.4% m/m. Cable bids are cited around the US$ 1.9640/ 1.9260 levels. The euro weakened vis-à-vis the British pound as the single currency tested bids around the ₤0.7415 level and was capped around the ₤0.7455 level.