• +0.05% after closing up 0.2% amid broad based USD weakness

• UK imposes 25% energy windfall tax to help households nL5N2XI0ZO

• Welcome relief for the low paid, and should support consumer demand

• Barclays and Morgan Stanley models expect strong USD demand into month end

• Charts; momentum studies, 5, 10 & 21 day moving averages head higher

• 21 day Bollinger bands expand - signals provide a solid positive setup

• 1.2639 May range high likely resilient resistance - close above bullish

• 1.2553 NY low then 1.2551 early London base are initial support

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