GBP$ flat at 1.2705 into NY close, Tuesday range 1.2727-1.2687

Early NorAm high faded ahead of Wednesday's UK CPI release

Sterling hovers near trend highs ahead of key UK CPI Wednesday

UK core and HL CPI f/c lower may increase odds for June BoE cut

Should odds for June and August cuts increase GBP$ likely gets hit hard

GBP$ has put in higher high, higher low for 5 straight sessions

Res 1.2727 Tues high, 1.2734 38.2% Fib of 1.3144-1.2070, 1.2803 Mar 18 high