• +0.05% after closing -0.4% with the USD +0.6% on US investor optimism

• UK retail sentiment plummets in May, and sales fell more sharply, CBI says

• IMF nudges up UK's 2025 growth forecast - significant risks to deficit goals

• There is no UK data today, but BOE MPC member Lombardelli speaks in Japan

• Charts- 5, 10, & 21-day, week moving averages rise, mixed momentum studies

• 21-day Bollinger bands expand - the positive setup holds despite the dip

• Monday's 1.3593 high, then the 1.3749 2022 top are initial resistance

• Friday's 1.3420 base and the 1.3354 21 DMA are the first supports
Andy

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