GBP$ ekes out gain into close, +0.2% at 1.2444; NorAm range 1.2475-1.2393

Pair shrugs off UST yield rise, focus on UK rates amid persistent inflation

Above forecast inflation leaves sterling following rates higher nL1N36M17M

Gain tempered as double-digit inflation, high wages increase recession risks

Close abv 10-DMA 1.2433 keeps bullish structure intact despite 21-DMA tests

GBP$ supt by 21-DMA 1.2388, further supt at 1.2346 Apr 10 low, 30-DMA 1.2310

Res 1.2475 Wed high, 1.2545 2023 high on Apr 14, 1.2604 upper 30-d Bolli

EUR/GBP -0.3% to 0.8804, Wed range 0.8837-0.8793; GBP firm on higher BoE rate view post-CPI