Steady after closing little changed, recovering the dip after retail sales

PM Sunak will launch a charm offensive today to impress UK business leaders

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 1.2414 rising 21 DMA would be a bearish signal

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

NY 1.2368 low and last week's 1.2474 high initial support and resistance

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