• Cable hugs 1.2700 as it consolidates gains from 1.2583 (Monday's Ldn am low)

• 1.2724 was Monday's 11-week high, as lower UST yields weighed on USD

• Ensuing low is 1.2679, before Trump hit Canada, Mexico, China with tariffs

• The tariffs went live at 0501 GMT. Trump pauses military aid to Ukraine

• Trump says Japan, China cannot keep reducing value of their currencies

• Four BoE MPC members, including Bailey, to address MPs on TSC on Wednesday

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(Robert Howard is a Reuters market analyst. The views expressed are his own)