Trades up 0.05% after closing down 0.2%, despite a softer U.S. dollar

Soft UK PMI, easing cost pressures, suggest yield spreads may cap sterling

Asian FX likely to trade tight ranges ahead of the Fed rate decision tonight

Charts; neutral momentum studies, 5, 10 & 21-day moving averages flat line

Horizontal 21-day Bollinger bands - neutral setup suggests consolidation

1.2364-1.2545 21-day Bollinger bands likely define the current range

NY 1.2436-1.2490 range is the initial support and resistance

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