• +0.1% at the top of a 1.2136-1.2155 range with moderate interest on D3

• Sterling event risk is led by a speech from BOE Chief Economist Huw Pill

• UK CFOs lose their appetite for debt after rates climb -Deloitte

• The higher yields are starting to impact most parts of the UK economy

• Charts; 5, 10 & 21-day moving averages coil, as momentum studies conflict

• 21-day Bolli bands contract- mixed signals suggest a period of consolidation

• Neutral setup leaves last week's 1.2337 high as initial major resistance

• 1.2038, the October trend low remains the initial key support

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