Sterling a tad soft into NY cls, -0.1% at 1.2165; NorAm range 1.2203-1.2139

Pair hits res abv 1.22, daily cloud top; shallow dip hints at underlying bid

Sterling drifts to 4-week high above 1.22 after in-court US CPI nL1N35M16L

CPI at 6%, 3 time Fed target, likely keeps Fed on hike path IRPR

GBP$ res 1.2202 61.8% of 1.2448-1.1805, 1.2203 Tues high, 1.2269 Feb 14 high

Supt at 1.2145 daily cloud base, 1.2139 Tues low, 1.2054 30-DMA

Bank crisis, high rates kindle recession diminish Fed hike path boosts GBP

EUR/GBP +0.14% at 0.8818, Tues range 0.8836-0.8780; ECB hike expectations remain elevated