Off 0.15 extending Tuesday's 0.41% fall as markets price earlier rate cuts
Yield spreads widened, 10yr gilt fell 10bp to 4.129%, 10yr UST -2bp 4.461%
BOEWATCH priced 24.32pts of cuts in August from 22.96 at Friday's close
Markets are betting on a more dovish tone from the BoE on Thursday May 9
Charts; 5, 10 & 21-day moving averages plus daily momentum studies conflict
21-day Bollinger bands contract - the daily charts show no strong bias
Resistance starts at yesterday's 1.2568 top then at Friday's 1.2634 high
The 1.2484 21-DMA and last week's 1.2467 base are the first supports
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