GBP$ fell 0.3% to 1.2118 at Wednesday close, Wednesday range 1.2164-1.2096

Pair trades around Wed session lows post-Fed, rates mkts pull fwd rate cuts

Fed holds, notes elevated inflation, may adjust policy as appropriate

IRPR on Eikon indicates Jul 2024 Fed meeting at -18bp

Downside ADP miss, weak ISM pushed US yields lwr hitting yields

Sterling eyes trend lows sub-1.21 as traders prep for BoE Thursday

Res at 1.2152 10-DMA, 30-DMA 1.2180, Oct 31 high at 1.2201

Supt Wed low 1.2096, Oct 26 low 1.2070, 1.2061 lower 30-d Bolli

Traders focus shifts to Thursday's BoE; no change, dovish shift expected