GBP$ firm into Lon close, +0.18% at 1.2706; Tuesday range 1.2715-1.2669

GBP boosted in early NorAm after UST yields dipped from early session highs

Wednesday Fed rate decision in focus; marts expect hawkish Fed 25bp cut

Inflation persistence tempers dovish Fed path; HL/core CPI basing by 3%

Thurs BoE, expected hold, also in focus for clues on BoE's 2025 policy path

GBP$ res 1.2715 Tues high/10-DMA, 1.2787 daily high Dec 12, 1.2819 200-DMA

Note: close above 1.2709 50% of 1.2811-1.2608 adds to bullish GBP tenor