Steady after closing down 0.5% amid broad safe-haven U.S. dollar strength

Sterling likely quiet, and USD led in Asia, ahead of the BoE rate decision

BOEWATCH prices a 25pt hike to 5.25% at 66.91, from 73.3% at Friday's close

A 50pt hike is priced at 33.09%, but would likely spark recession fears

Charts, negative daily momentum studies, horizontal 21-day Bollinger bands

5, 10 & 21-day moving averages crest or fall - downside bias builds

1.2680 New York low, and 1.2627, 61.8% May/July rise are initial supports

1.2737 NY afternoon high and 1.2800 London top are the first resistance

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