• +0.05% after closing up 0.3% resilient with the U.S. dollar off 0.25%

• Asking prices for UK homes only edged higher in October - Rightmove

• Households and investors are cautious ahead of the October 30th budget

• There is no tier 1 UK or US data so risk appetite and the USD to lead GBP

• Charts - mixed daily momentum studies as 21-day Bollinger bands slide

• 5, 10 & 21-day moving averages ease - signals show a modest bearish setup

• Last week's 1.2975 low then 1.2900, 0.382% Apr-Sep rise are initial supports

• 1.3103 high last week then 1.3174/5 Oct 4 top and 21DMA are first resistance

• A close above 1.3175 would be a positive signal - base in place at 1.2975

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