• Steady in a tight but fairly busy 1.2705-1.2714 range on FX Matching

• Expecting a busy session with UK inflation then the Fed's FOMC meeting

• Core CPI poll 3.6% y/y, and CPI Services poll 5.1% y/y lead UK event risk

• BoE to keep rates on hold on Thursday, as budget, tight jobs concerns linger

• Charts - neutral daily momentum studies, 21-day Bollinger bands flat line

• Mixed 5, 10 & 21-DMAs - a neutral daily bias, weeklies remain bearish

• Friday's 1.2607 low, then the 1.2475 November trend base initial supports

• 1.2810 December high then 1.2839, 0.382% Sep/Nov fall major resistance

• Sterling bulls need a close above 1.2839 Fibo to get excited

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