• -0.1% in a 1.2817-1.2838 range with moderate D3 flow and the USD +0.15%

• No tier 1 UK data so risk appetite and the U.S. dollar to lead sterling

• BPEWATCH prices at 50pt hike to 5.5% at 32.2% from 26.7% at Friday's close

• 25 pt hike priced at 67.8% - 50pt hike would fuel UK recession fears

• Charts, negative daily momentum studies, 21-day Bollinger bands contract

• 5, 10 & 21-day moving averages coil, setup suggests further consolidation

• Friday's 1.2766 low, and 1.2726, 50% May/July rise initial support

• 1.2872 London high, then 1.2892 21-day moving averages first resistance

For more click on FXBUZ