+0.15% near the top of a busy 1.2444/1.2467 range on D3 with the USD -0.15%

Nearly half of medium-sized UK firms will defer investment due to tax rises

Weak investment is a major cause of low UK productivity - may be short-term

No UK data, so risk appetite and the U.S. dollar will likely lead sterling

Charts; mixed momentum studies, 5, 10 & 21-day moving averages crest/fall

Horizontal 21-day Bollinger bands - negative setup despite current bounce

Targets a test of 1.2345, 38.2% of the 2023 rise, with 1.2242 50% below

Today's 1.2444 Asian low and Friday's 1.2484 high, first support resistance

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