Steady after closing down 0.9% amid broad-based U.S. dollar strength

Sterling fell despite a hawkish hike from the BoE, amid resilient inflation

Lawmakers to investigate the food chain - price inflation at a 46-year high

UK lawmakers to ensure profiteering is not behind the surging food costs

Charts; negative momentum studies, 5, 10 & 21-day moving averages crest

21-day Bollinger bands flat line - fall leaves a neutral setup

1.2562 10-day moving average and 1.2577 5 DMA are initial resistance

1.2497 NY low and then the 1.2436 May base are initial supports

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