• Steady after closing down 0.45%, leading USD higher, with EUR/GBP up 0.2%

• Rising UK inflation nL5N2VQ19H may hit UK domestic spending and growth

• Sunak's cautious budget update failed to impress markets nL2N2VQ0F5

• Charts; momentum studies - 5, 10 & 21 daily moving averages conflict

• 21 day Bollinger bands contract - mixed signals favour range trading

• 1.3322, 50% of Feb-Mar fall and 1.3000 March and 2022 low range parameters

• NY 1.3175-1.3214 range is initial support and resistance

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