• +0.1% at the top of a tight, busy 1.2512-1.2523 FX Matching range, USD -0.1%

• UK plans tough laws to fight people smugglers - it will be a popular policy

• Britain's energy price cap to rise 3% in April, Cornwall Insight says

• Rising energy prices will likely keep the BoE cautious on rates

• Charts - daily momentum studies flat line, 21-day Bollinger bands edge lower

• 5, 10 & 21-DMAs ease - a neutral daily setup, weeklies remain bearish

• The 1.2475 November trend base held on Dec 20th - remains the major support

• 1.2730 Dec 18th high, then the 1.2810 December top are initial resistance
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)