• Off 0.1%, at the top of a 1.2024-1.2045 range with moderate flow on D3

• Costa Coffee hikes UK staff pay for a time this year to retain staff

• BoE closely watching wage agreements to gauge inflationary expectations

• Charts - 5, 10 & 21 day moving averages conflict, momentum studies flat line

• Horizontal 21 day Bollinger bands - signals suggest further consolidation

• Close above well tested 1.2047 21 DMA targets 1.2158 upper 21 day Bolli band

• 1.1915 February low initial support - 1.1842 2023 low is major support

• 1.2024 early Asian low and 1.2047 21 DMA are initial significant levels

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