• +0.05% after closing little changed, resilient to the firmer USD +0.3%

• Bank of England's Bailey sees some cooling in wages inflation pressure

• BOEWATCH prices a June 22 25pt hike to 4.75% at 66.94%, from 70.58% Monday

• No tier one UK data, so risk appetite and U.S. dollar likely lead sterling

• Charts; momentum studies show mixed signals, while 5, 10 & 21-DMAs coil

• 21-day Bollinger bands contract - consolidation leaves a neutral setup

• 1.2422 May base and the 1.2679 May high are the key short-term levels

• Early London 1.2422 low and NY 1.2510 high, initial support, resistance

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