• -0.1% after closing up 0.25%, with the U.S. dollar down 0.3%

• UK to lay out financial reforms to 'turbocharge' growth nL8N32Y2VL

• Hope is that the measures halt the slide of business to EU centres

• Charts; neutral daily momentum studies, 10 & 21 day moving averages climb

• 21 day Bollinger bands rise - positive setup while 1.2029 21 DMA holds

• 1.2152 10 DMA again held - a base on the close for this move, key support

• 1.2247 NY high then this week's 1.2345 trend high are initial resistance

• Sterling struggles above 1.2300- real progress needed or charts will reverse

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