• +0.15% in a relatively low-key 1.2816-1.2851 Asian range on FX Matching

• UST yields fell, 10yr -12bp to 4.275% - Trump tariff u-turn - FTSE +5.65%

• UK will continue to negotiate a trade deal with US amid 90-day tariff pause

• End of tax breaks and economic uncertainty weighs on UK housing market, RICS

• There is no first-tier UK data or BOE events- US CPI leads risk and GBP/USD

• Charts - 5, 10, & 21-day moving averages fall, 21-day Bollinger bands slip

• Mixed daily momentum studies - signals bearish after the Friday/Monday slide

• This week's 1.2712 low, then 1.2653 0.5% of the 2025 rise are first support

• Monday's 1.2932 top and Friday's 1.3113 high are initial resistance
Andy

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