• Steady after closing up 0.05% resilient with the US dollar up 0.05%

• UK pay deals average almost 5% in the crucial April period: Brightmine

• Wages now outstrip inflation but may ease if inflation expectations fall

• Today's UK CPI and PPI will be a major factor for the BoE rate outlook

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

• 21-day Bollinger bands rise - a strong positive trending setup

• Targets a test of 1.2766, 0.786% March/April fall then the 1.2893 March high

• A close below 1.2575 21-day moving average low would end the topside bias

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