• Up 0.35% in a busy 1.3660-1.3725 range, fresh 2025 high, with the USD -0.35

• Nikkei +1.1%, CMCU copper +0.65%, Brent +0.3, but the FTSE is down 0.25%

• BOE Governor Andrew Bailey speaks at the British Chambers of Commerce today

• UK employers group says the tax hike in National Insurance hit hiring hard

• Think tank says UK living standards set to stagnate for the rest of 2020s

• If the prediction is correct, Reform UK will win the next UK election

• Charts - 5, 10, & 21-day moving averages climb, positive momentum studies

• 21-day Bollinger bands expand - daily signals regain their topside bias

• 1.3749 2022 top, then the 1.4250 2021 peak are initial resistance

• Wednesday's 1.3591 low, then 1.3538/44 10 & 21 DMAs are initial support
Andy

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