• +0.1% in a quiet 1.2426-1.2440 range on D3 with the USD off 0.1%

• Risk appetite based in Asia - E-mini S&P +0.2%, Brent oil -0.55%

• BoE's Bailey is optimistic inflation is falling - CPI will be key

• See the chart below for Reuters polls on the UK's inflation data

• Charts; 5, 10 & 21 day moving averages fall with the 21-day Bollinger bands

• Daily momentum studies slip - daily charts show a strong bearish trend

• Move targets 1.2369, 0.618% Oct-March rise then the 1.2045 Oct 23 base

• 1.2471 London top and Monday's 1.2498 high are initial resistances

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