Steady after closing flat with an inside day, and the USD a touch softer

UK consumer confidence highest since Feb 2022 as 'green shoots' emerge: GfK

Confidence beat expectations, back to levels prior to the Ukraine invasion

Charts; mixed momentum studies, 5, 10 & 21 day moving averages edge higher

21-day Bollinger bands contract - uptrend consolidates - neutral setup

Close below the resilient 1.2403 rising 21 DMA would be a bearish signal

Sustained 21 DMA break targets 1.2262, 38.2% of the March/April rise

NY 1.2405-1.2467 range is the initial support and resistance

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