• Flat after closing -0.2%, as gilt yields slipped, while bund, UST climbed

• 1.2441 resistance again held - close above would target 1.2666 June high

• UK employers urge Prime Minister Sunak to act urgently on growth reforms

• Employers fear the election due in 2024 will inhibit short term policy

• Charts; neutral momentum studies, 21 day Bollinger bands expand

• 5, 10 & 21 DMAs rise - targets another test of 1.2441, 61.8% 2022 fall

• Close below 1.2170 21 day moving averages needed to end the topside bias

• NY 1.2325 low and 1.2447 Asian high initial support, and resistance

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