• Off 0.1% after closing off 0.1%, with the U.S. dollar down just 0.1%

• UK GDP fell 0.1% on Friday, as public inflation expectations surged

• The data is a concern as fin min Rachel Reeves attempts to ignite growth

• Reeves will meet regulators on Monday to unveil an "action plan"

• Charts - 5, 10 & 21-day MAs climb, as 21-day Bollinger bands head north

• Neutral daily momentum studies - the Feb/March uptrend remains in play

• Last week's 1.2862 base and then the 1.2793 200 DMA are initial supports

• The 1.3046 range top in November 2024 is the next significant resistance

• A sustained break of the 1.2765 21-day moving average ends the topside bias
Andy

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