GBP$ ending NY +0.18% at 1.2772, NorAm range 1.2786-30

Pair rising, falling with UST yield gyrations, focus on Wed U.S. CPI

Despite recent rate yaw Fed seen on hold into YE '23, rate cuts seen Q1 '24

Sterling drifts a touch higher as traders curate positions pre-CPI

Res 1.2786 Mon high, 10DMA 1.2804, 30DMA 1.2834, 50% of 1.3144-1.2620 1.2882

Supt 1.2740 hourly cloud twist, 1.2708 55-DMA, 1.2620 Aug 3 low

EUR/GBP -0.34% at 0.8612, Mon range 0.8635-0.8606; UK rate path GBP-friendly