• -0.05%, after closing -0.35%, resilient against a 0.75% USD risk-led bounce

• Trump, Starmer hail limited US-UK trade deal, but 10% duties remain

• Trade deal appears far from perfect for the UK, but it ends the uncertainty

• BoE cut rates, but policymakers are far from united - upcoming data is key

• Charts - 5, 10, & 21-day moving averages coil, momentum studies head lower

• 21-day Bolli bands contract - neutral setup at the recent range base

• This week's 1.3402 high, then the 1.3434 2024 high, are the first resistance

• Tests April 23rd 1.3234 low - 1.3169, 0.382% of the April rise key support

• A close below the 1.3169 Fibo support would be a bearish signal
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)