+0.15% at the top of a quiet 1.2470-1.2489 range on D3, with the USD -0.2%

Soft USD suggests the market is expecting a dovish Federal Reserve hike

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

Charts; momentum studies, 5, 10 & 21-day moving averages show little bias

Horizontal 21-day Bollinger bands - neutral setup suggests consolidation

1.2364-1.2546 21-day Bollinger bands likely define the current range

Asian 1.2470 low and early London 1.2512 high initial support and resistance

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