Steady after closing up 0.45%, as sterling led the U.S. dollar lower

PM Sunak moved towards the centre, with Braverman out and Cameron in

Cameron's return will upset far-right Brexiteers - the pound liked it

Likely quiet in Asia ahead of UK employment and U.S. inflation data

Charts; momentum studies rise, 10, and 21-day moving averages climb

21-day Bollinger bands expand - net a modest positive setup

Last week's 1.2428 high and 1.2437 200-day moving average a likely range top

1.2230 New York low is initial support 1.2096 November base is major support

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