• -0.15% near the base of a 1.2200/1.2240 range, busy early then quiet

• The safe-haven U.S. dollar climbed 0.15% on the Israel-Hammas conflict

• 'Get Britain building again', as UK's Labour sets out a growth plan

• If the proposals are credible, building infrastructure will be popular

• Charts; positive 5 and 10 DMA cross suggests that a base is forming

• Resilient 1.2067, 38.2% of the 2022-2023 rise is key support

• Close above the 1.2275 21-day moving average would end the downtrend

• A topside break would target the 1.2439 200-day moving average

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