Cable gravitates to 1.2140 option expiry following earlier drop to 1.2093

1.2093 was two-week low during Ldn am, as 10-year UST yield rose to 4.98%

The size of the 1.2140 strike for the 10am ET NY cut is 571 million pounds

Powell to speak at midday ET. US weekly jobless claims 198k vs 212k f/c

House Republicans to try again to elect a leader. Two UK by-elections today

UK Sept retail sales data due Friday at 7am BST; minus 0.2% MM forecast