Cable hugs 1.21 as financial market stress indicators flash on SVB collapse

Biden says to do 'whatever needed' as banks hit despite SVB action

More: nL1N35L0V6. 1.2048-1.2132 is GBP/USD range since the London open

Those parameters are within its 1.2040-1.2141 Asian session range

Asia top was just shy of Feb 28 and Feb 21 highs (1.2143 and 1.2147)

UK jobs/earnings data due Tuesday at 0700 GMT; ILO jobless rate f/c 3.8%