• Steady in a 1.2570-1.2582 range with occasional interest on FX Matching

• Starmer asks more than 10 UK regulators to prioritise economic growth - Sky

• UK government desperately needs businesses on board in 2025 after the budget

• No significant UK data or BoE events - likely a tight USD-led GBP range

• Charts - daily momentum studies base, 21-day Bollinger bands edge lower

• 5, 10 & 21-DMAs conflict - a neutral daily setup, weeklies remain bearish

• The 1.2475 November trend base held on Dec 20th - remains major support

• 1.2730 Dec 18th high, then the 1.2810 December top are initial resistance

• The 1.2446 May 2024 low and the 1.2810 December high are the pivotal levels
Andy

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