Steady in early Asia after closing up 0.35% with the U.S. dollar off 0.5%

UK pay awards fell to 4.5% in the three months to July, from 5% in June

Wage growth is key for the Bank of England rate policy - data is good news

There is no tier-one UK data today, so risk appetite and the USD lead GBP

Charts - positive daily 5, 10 & 21 moving averages, as 21-day Bolli's expand

Daily momentum studies head higher - a bullish daily and weekly setup

1.3044 July top tested but held on the close, so remains the key resistance

A close above 1.3044 would open the door to a test of 1.3144 July 2023 top

Sustained break of 1.2970 10-day moving average would flag caution to bulls

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