GBP$ soft in NY afternoon, -0.44% at 1.2692; Thursday range 1.2787-1.2672

Bulls foiled after failures higher, bears gaining momentum on slide sub-1.27

Sterling bears make a run at the downside after bulls fail near 1.28

UK GDP, output data Friday, payrolls Tuesday, CPI Wednesday in focus pre-MPC

STIR futs indicate BoE rate hold on Dec 19, BoE sees 4-25bp cuts in 2025

GBP$ supt 1.2672 Thurs low, 1.2643- 50% of 1.2475-1.2811, 1.2619 Dec 2 low

Res 1.2723 the falling 10-HMA, 1.2787 Thursday high, 1.2822 the 200-DMA