+0.05%, after closing down 0.65%, amid broad-based USD strength, +USD +0.65%

UK consumer confidence continues to recover, despite resilient inflation

Suggests the dour forecasts for the UK economy could be over-stated

Charts; momentum studies edge lower, 5, 10 & 21-day moving averages fall

21-day Bollinger bands expand - neutral setup has turned negative

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

Thursday's 1.2495 top, then 1.2512/15 10 & 21 DMAs initial resistance

NY 1.2392 low and 1.2369 lower 21-day Bollinger band are initial support

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