• Off 0.15% in a 1.2302-1.2322 range - flurries of interest on FX Matching
• Low-key in Asia, as Trump concentrated on domestic issues - USD up 0.05%
• UK to tackle infrastructure 'blockers' by cutting legal challenge options
• Growth underpins policy - efficient planning rules key for implementation
• There is no tier-one UK data - risk appetite, USD, and Trump policies lead
• Charts - daily momentum studies rise, 21-day Bollinger bands edge lower
• 5, 10 & 21-DMAs conflict - weeklies remain bearish - negative setup remains
• Monday's 1.2160 low, then the 1.2100 2025 base are initial major supports
• A close above the 1.2368 21-DMA, which capped Wednesday, would be positive
• Close above 1.2370 would target 1.2575/1.2616 range top in early 2025
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)