• Steady after closing up 0.25%, with the USD up 0.25% and EUR/GBP -0.45%

• Sterling is strong with higher gilt yields, after resilient inflation data

• BOEWATCH - rates to peak at 5.9805% in May 24 - 5.7122% at Friday's close

• No significant UK data today, so risk appetite and the USD to lead sterling

• Charts; neutral daily momentum studies, 21-day Bollinger bands contract

• 5, 10 & 21-day moving averages coil - daily signals show little bias

• Well tested 1.2627, 61.8% of the May/July fall is pivotal support

• 1.2711 New York low and London 1.2767 high are initial support, resistance

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