GBP$ back from early NorAm low, -0.13% at 1.1960; Thurs range 1.2004-1.1891

Whipsaw post-ECB surprise 50bp hike initial move higher faded

ECB boost to GBP fleeting as inflation, growth risks remain nL1N2Z217Y

Sterling offered above 1.20, 4th consecutive session bulls unable to hold

Pair moves back w/in confines of 10/21-DMA (1.1929/1.2032) after dip below

Resistance at Jul 19 high 1.2044, 50% Fib 1.2083, 30DMA 1.2089

Close above 1.2083 50% Fib of 1.2405-1.1761 shifts momentum to bulls

EUR/GBP +0.1% at 0.8512, Thurs range 0.8585-12; hawkish ECB liftoff boosts EUR