Steady after closing up 0.25% on Friday with the U.S. dollar flat.
Sterling was resilient last week GBP/USD +1.4%, and EUR/GBP -0.5%
Asking prices for UK homes hit record high, led by the high-end -Rightmove
Wednesday's CPI is the key event for BoE expectations and sterling this week
Charts; daily momentum studies, 5, 10 & 21-day moving averages climb
21-day Bollinger bands rise - a strong positive trending setup
Resistance close at the 1.2709 April high then 1.2766, 0.786% Mar/Apr fall
A close below 1.2545 21-day moving average low would end the topside bias
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