• Off 0.05% after closing up 0.6%, with the U.S. dollar off 0.95%

• The safe-haven USD is under pressure as Trump/Fed comments fuel selling

• UK PM Starmer discussed trade with Trump, Downing Street says

• There is no major UK data or BOE events - USD and risk appetite lead GBP

• Charts - Monday's 1.3421 2025 trend high sustains the current uptrend

• 5, 10, & 21-day moving averages rise, as 21-day Bollinger bands expand

• Daily momentum studies climb/crest - positive signals suggest further gains

• Thursday's 1.3203 low and then last week's 1.3068 base are initial supports

• The 2024 1.3434 high is the next significant resistance, and under pressure
Andy

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