• Off 0.05% in a tight 1.2558-1.2572 range with steady interest on FX Matching

• The UK energy regulator plans faster grid tie-ups for new projects

• China is ready to continue improving ties and deepen cooperation with UK

• There is no significant UK data or scheduled BoE speeches today - USD leads

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Positive daily momentum studies - daily signals have turned bullish

• The 1.2596 upper 21-day Bolli band and the 1.2616 2025 top likely resilient

• Thursday's 1.2442 low, then Tuesday's 1.2332 base are initial support

• A close above the 1.2616 2025 high would be a strong positive for next week
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)