• Sterling relinquished early gains based on China policy change hopes

• Prices fell marginally, leaving a bearish gravestone doji candlestick

• Slide comes after falling away from descending 200-DMA by Nov's peak

• UK mortgage approvals plunged 10.6% to lowest since June 2020 nL8N32P2EV

• That as BoE Gov Bailey defended the bank's policies to parliament committee

• Prices probing 10-DMA support at 1.1954, with 200-DMA looming at 1.2168

• Big US data dump Wed-Fri plus beige book and Powell speech on Wed eyed

• Pair still largely driven by global risk-on/off flows as recessions loom

For more click on FXBUZ