• Off 0.05% in a tight and quiet 1.2583-1.2592 range on LSEG FX Matching

• UK consumer confidence improves from -21 to -18 in Nov post-budget - GfK

• UK retail sales RTRS poll 3.4 y/y and -0.3% m/m kick off UK data in London

• UK PMI manufacturing RTRS poll 50, services poll 51.6 lead data risk

• Charts - daily momentum studies slip, 21-day Bollinger bands expand

• 5, 10 & 21-day moving averages head lower - a negative trending setup

• 1.2541 0.786% of the 2024 rise, then the 1.2446 May low are initial supports

• Close above this week's 1.2713 high would leave a significant base in place

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