• +0.05% after closing down 0.15%, resilient to the stronger USD +0.3%

• UK services data adds to inflation fears and pressure on BoE to hike

• BOEWATCH prices a 25pt June hike to 4.75% at 87.77%, from 75.28% late Friday

• UK pay awards hold at 6% in 3 months to April, well below inflation XpertHR

• Charts; neutral momentum studies, 5, 10 & 21-day moving averages head lower

• 21-day Bollinger bands expand - negative setup after 5 lower daily highs

• Targets a test of 1.2345, 38.2% of the 2023 rise, with 1.2242 50% below

• London's 1.2373 low and Asia's 1.2445 high, are initial support, resistance

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