Off 0.2% at the base of a 1.2484-1.2518 range with consistent flow on D3
The U.S. dollar showed broad-based strength with firmer UST yields
There is no UK data today, so risk appetite and the USD will lead sterling
GBP likely quiet ahead of the BoE rate decision and outlook on Thursday
Gilt yield fell on Tuesday suggesting markets are looking for a dovish shift
Charts; 5, 10 & 21-DMAs plus daily momentum studies conflict - no real bias
Resistance starts at Tuesday's 1.2568 top then at Friday's 1.2634 high
The 1.2484 21-DMA and last week's 1.2467 base are the initial supports
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