• Steady after closing up 0.5%, bid in the NY afternoon - flow not news driven

• BoE described inflation with weak demand as 'very difficult' nL5N2X853M

• BOEWATCH prices a 25pt hike to 1.25% at the June 16th meeting at 100%

• UK moving towards trade conflict with EU on N. Ireland protocol nL5N2X851P

• Charts; momentum studies, 5, 10 & 21 day and week moving averages slide

• 21 day Bollinger bands fall, as the strong bearish setup remains in place

• 10 DMA under pressure, tested early May, now 1.2332 - first major resistance

• Targets a test of long term support at 1.2082, 76.4% of the 2020-2021 rise

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