• +0.05%, in a busy 1.2619-1.2634 range on D3, tight Asian ranges pre U.S. CPI

• No major UK data, or BoE events, so risk appetite and the USD lead sterling

• BOEWATCH prices a 25pt hike to 4.5% tomorrow at 96.2% - BoE outlook pivotal

• Charts; momentum studies flat line, 5, 10 & 21-day moving averages climb

• 21-day Bollinger bands rise - technical signals support further gains

• Vulnerable 1.2666 May 2022 top caps, next stop 1.2751 61.8% 2021-22 fall

• 1.2580 NY low and then 1.2567 10-day moving average are initial supports

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