Currently 1.2118 after failing into 1.2060

All eyes on May's speech at 11.45 GMT but don't forget UK CPI data at 09.30 GMT

Expect a scrappy day's trading but one that should provide some opportunities. I remain a rally seller with 1.2200-30 providing next real value.

Offers: 1.2150 1.2175-80 1.2200 1.2225-30 1.2250 1.2280 1.2300

Bids: 1.2100 1.2080 1.2050-60 1.2030 1.2000 1.1975-80 1.1950 1.1930 1.1900