• Steady after closing off 0.1%, with the U.S. dollar up 0.2%

• Sterling continues to consolidate ahead of the BoE rate decision on Aug 3

• BoE survey, UK FX market daily volume up in 6 months to April; U.S. down

• Good news for the 'City' of London - EUR/USD, GBP/USD and JPY/USD lead

• Charts, negative daily momentum studies, 21-day Bollinger bands contract

• 5, 10 & 21-day moving averages coil, signals suggest further consolidation

• Friday's 1.2766 low, and 1.2726, 50% May/July rise initial support

• 1.2872 London high, then 1.2892 21-day moving averages first resistance

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