GBP$ ekes out gain into NY cls, +0.1% at 1.2396; NY range 1.2405-1.2371

Pair eyes 3-month low 1.2370 ahead of Fed, BoE bank meetings

Sterling near trend lows, longs anxious ahead of Fed, BoE meetings

BoE expected to hike 25bp, perhaps last hike in cycle, see IRPR on Eikon

Support at Jun 25 low 1.2370, May 25 low 1.2308, April 3 low 1.2275

Res 1.2410 Monday high, 200-DMA 1.2434, falling 10-DMA at 1.2469

Bearish crosses, hint at further weakness, bulls need to regain 10-DMA to stem bearish tide