• Despite Sterling's modest reprieve, 1.25 remains a stumbling block

• That said, a fleeting move below 1.24 is somewhat encouraging

• Skittish price action to be expected given Israel-Iran tensions

• Thus, ebb and flow of risk sentiment should dictate GBP/USD

• Unwind of initial equity weakness, underpinning for now

• BoE's Ramsden (hawkish) due to speak at 1515BST

• Although, cautious stance is likely given sticky wage growth/services CPI

• COMMENT-Beware hike talk from Fed's Williams nL2N3GR1S8

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