GBP$ firm into the NorAm close +1.6% at 1.2370; Thurs range 1.2405-1.2042

Pair soars off initial dip post-BoE 25bp hike; traders focus on UK inflation

GBP bulls ignore timid BoE hike, eye rising UK inflation nL1N2Y3192

Vote was 6-3 for 25bp, 3 sought +50bp; rising inflation may prod +50 in Aug

Close above 1.2267, 50% of 1.26-1.1934 June dip shifts control to bulls

Bulls now target 30-DMA at 1.2423, then 21-DMA at 1.2469

Supt at Daily Kijun line by 1.23, 10-HMA at 1.2238, daily pivot at 1.2124