GBP$ soft in NY afternoon, -0.6% at 1.2698, Tuesday range 1.2804-1.2674

Rates remain key determinant of price, reduced Fed cut odds weigh on GBP

High-beta sterling risks further declines should growth slide stir BoE cuts

Record GBP IMM long unwind to keep GBP on backfoot as BoE policy evolves

Sterling cloud top, 100-DMA support erodes amid more-dovish BoE outlook

Close below the daily cloud top 1.2702, 100-DMA 1.2684 adds to bearish view

More significant supt at 200-DMA by 1.2655 and the daily cloud base 1.2579

Res 1.2748 the 30-HMA, 1.2803 Tuesday high, 1.2859- 50% of 1.3044-1.2674