GBP$ fades into Europe cls, -0.2% at 1.2685; Europe range 1.2730-1.2681

Pair sits near NorAm session low, UST yields mixed ahead of Fed

U.S. yield curve steepening, 2-yr -2bp, 10-yr +1bp; Fed seen -25bp

Traders await post-decision presser for hints at 2025 policy path

LSEG's IRPR pricing a touch less than 3-25bp cuts in 2025

Thursday BoE also on radar, futures price hold, -51bp in 2025

Also BoE guidance post-decision in focus for policy clues

GBP$ res 1.2730 Tues/Wed high area, 1.2787 Dec 12 high, 1.2819 the 200-DMA

Supt 1.2681 Wed low, 1.2676 the 21-DMA, 1.2608 the Dec 13 low