• -0.2% with the firmer USD after closing up 0.6% Friday leading the USD lower

• Hopes of a stable UK government is attracting investment from offshore

• IMM data showed spec long positions in sterling are the highest since 2007

• BoE rate-setter Swati Dhingra said UK inflation is unlikely to rise sharply

• "Now is the time to start normalising" (interest rates) she said on Monday

• Charts, positive daily momentum studies, 21-day Bollinger bands expand

• 5, 10 & 21-day moving averages rise - a positive setup at the 2024 highs

• Resistance at Friday's 1.2990 top then blue sky to the 1.3144 2023 high

• Friday's 1.2903 low and then last week's 1.2778 base are initial support

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