Cable has traded a 30 pip range thus far Monday; 1.2034-1.2064

1.2034 is lowest level since Feb 7 (1.1962 was one-month low that day)

Friday's low was 1.2047, after U.S. Dec CPI was revised up to 0.1% MM

Dec CPI was originally reported to have fallen for first time since May 2020

U.S. Jan CPI data due Tuesday; 0.4% MM and 6.2% YY forecast (Reuters poll)

Above forecast CPI could spur hawkish shift in Fed expectations and lift USD