• Steady after closing off 0.2% with the USD steady, as consolidation extends

• Sterling has been in a holding pattern this week - U.S. CPI may change that

• 1.2620 August low and 1.2820, 38.2% July/August fall are the pivotal levels

• Bulk of UK corporate carbon emissions not covered by a reduction target

• Charts; negative daily momentum studies, 21-day Bollinger bands ease

• 10 & 21-day moving averages edge lower - net a modest bearish setup

• This week's 1.2685 low and then the 1.2620 August base are initial supports

• 1.2760 10-DMA then 1.2782 early London high are first resistances

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