• Steady after closing off 0.05% with the U.S. dollar down 0.2%

• UK's Reeves announces National Wealth Fund investment in carbon capture

• BoE's Alan Taylor says it's better to cut rates now than risk waiting

• Taylor's comments come after BoE's Bailey stressed a weakening labour market

• LSEG 0#GBPIRPR prices a 25pt August 7th BoE cut to 4% at 78.27%

• Charts - 10, & 21-day moving averages climb, momentum studies crest/fall

• 21-day Bollinger bands rise - daily chart shows a modest topside bias

• Key supports: 1.3592 21-DMA held on the close, then last week's 1.3563 low

• Resistance levels: Wednesday's 1.3751 top, then 1.3787 2025 high on Tuesday
Andy

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