Steady after closing down 2.2%, spooked by dire BoE expectations

BoE thinks there is a risk of recession and 10% inflation nL2N2WX0QG

BoE's Bailey sees need to be 'very careful' on rate rises nS8N2UY07U

Charts; momentum studies ease, 5, 10 & 21 day and week MA's slide

21 day Bollinger bands fall, as the strong bearish setup returns

1.2525 10 DMA resistance tested this week - close above would be positive

1.2786 falling 21 day moving average remains pivotal resistance

1.2325 NY low and 1.2252 June 2020 base are initial supports

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