+0.1% after closing down 0.85% amid broad safe-haven led USD strength

The situation in the Middle East deteriorated over the weekend

UK economy is slowly emerging from the recession - growth remains fragile

BOEWATCH prices 22.78 pts for the August meeting - data will be pivotal

Techs; 5, 10 & 21-day moving averages fall with 21-day Bollinger bands

Daily momentum studies slip - last week's fall left a bearish outside week

Close below resilient 1.2500 support targets 1.2368, 0.618% Oct-March rise

The 1.2558 high on Friday and Thursday's 1.2578 top are initial resistance

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