• Steady after closing up just 0.05% with the U.S. dollar off 0.2%

• Tight trading range likely ahead of the BoE rate decision tonight

• BOEWATCH prices a 25pt hike to 4.5% at 98.92%, so BoE outlook pivotal

• NIESR forecasts 5.4% UK inflation in Q4, amid resilient 'core' pressure

• Charts; neutral momentum studies, 5, 10 & 21-day moving averages climb

• 21-day Bollinger bands expand - technical signals support further gains

• Stalled at 1.2679 yesterday, next stop 1.2751 61.8% 2021-22 fall

• 1.2602 London low and 1.2579 10-day moving average are initial supports

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