• +0.05% in a quiet start, after closing up just 0.05% with the USD off 0.1%

• UK GDP on Friday avoided a recession - focus this week on Wednesday's CPI

• UK to pare back new takeover screening powers, says deputy PM- FT

• Changes in the takeover screening powers to be 'more business-friendly'

• Charts; momentum studies slip, 5, 10, and 21-day moving averages coil

• 21-day Bollinger bands edge higher - neutral setup suggests consolidation

• Last week's 1.2428 high and 1.2436 200-day moving average a viable range top

• The 1.2187 NY low, and then the 1.2096 November base are initial supports

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