• Steady after closing down 0.35%, as higher UST yields saw the USD up 0.3%

• UK should consider raising BoE inflation target to 3%, think tank says

• Wednesday's inflation data proved resilient, but BoE not expected to hike

• BOEWATCH prices Nov 2 rates on hold at 79.02% from 75.55% at Friday's close

• Charts; 5, 10 & 21-day moving averages slip, neutral momentum studies

• 21-day Bollinger bands contract- mixed signals suggest further consolidation

• Neutral setup leaves last week's 1.2337 high as the first major resistance

• 1.2038, the October trend low remains the initial key support

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