+0.2% near the top of a 1.2131-1.2162 range, as yen led the USD lower

Consistent cable and EUR/GBP flows on D3, but EUR/GBP trades little changed

Construction PMI leads UK data but is unlikely to impact on sterling

Charts: 5, 10, and 21 daily and weekly moving averages trend south

1.2067, 38.2% retracement of the 2022-2023 rise was resilient on the close

Sustained 1.2067 break to target a test of the 1.1805 March and 2023 low

Close above the well-tested 1.2161 10-DMA, would flag caution to bears

A close above the falling 1.2298 21-day moving average would end the trend

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