• +0.1% near the top of a low key 1.2348-1.2369 range with the USD off 0.1%

• IMF slashes UK growth outlook, adding policy pressure on fin min Hunt

• Britain is the only G7 economy forecast to shrink by the IMF in 2023

• Month end rebalancing flows often cause volatility in sterling

• Techs; 5, 10 & 21 day moving averages conflict, 21 day Bollinger bands climb

• Momentum studies crest - modest net positive setup needs progress soon

• Sustained 1.2450 Dec/Jan range top break would target 1.2666 May high

• Close below 1.2248 21 day moving averages would end the topside bias

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