Sterling ending NorAm -0.7% at 1.1964; Tuesday range 1.2080-1.1900

Pair offered o/n on soft UK PMI data, amid UK recession-inflation angst

GBP under pressure as weak global PMIs highlight growth risks nL1N33O11B

Fed policy remains key driver as BoE rate peak seen below Fed in 2023

Focus shifts to Wed Fed meeting minutes, Friday's US payrolls, earnings data

BoE Sonia strip abv E$ (FI) post-'23, by then UK econ seen in deep recession

GBP$ supt at 1.1961 the 10-HMA, 1.19 Tues low, 1.1876 55-DMA

Firm supt 1.1799 50% Fib of 1.1151-1.2446; close below eyes 100-DMA 1.1646

Res at 200-DMA 1.2036, Tues high 1.2080, 1.2126 daily high Dec 28

EUR/GBP -0.28% at 0.8820, Tues range 0.8862-0.8784; HICP , PMI dips hint at tempered ECB hike path