GBP$ ending NorAm by day's high, +0.2% at 1.2583; Tues range 1.2593-1.2510
Pair initially fell post-PPI as HL data appeared strong; Mar revised lower
Aiming higher, sterling still has key inflation tests ahead nL1N3HH1TV
Fed's Powell uncertain on inflation path; next move unlikely a Fed hike
U.S. CPI f/c a tad lower, w/o progress on lower inflation USD to remain bid
Res 1.2593 Tues High, 1.2596 50% of 1.2894-1.2299, 100-DMA/May 3 high 1.2634
Supt at 200-DMA 1.2541, 1.2510 Tuesday low, 1.2446 May 9 low
Beyond Wed US CPI, May 22 UK CPI may hold clues to BoE policy path