• Steady, closed +0.1% in a choppy offshore session in response to the BoE

• A 50pt hike, with a dour economic outlook from BoE contained nL8N2ZG4J4

• Liz Truss, likely next UK PM to outline economic plans today nL8N2ZG7IR

• Truss is talking to the 200k conservative party voters, so policy may change

• Charts - daily momentum studies conflict - 10 & 21 DMAs head higher

• 21 day Bollinger bands expand - on balance the bias remains higher

• 1.2320, 61.8% of the May-July fall is initial significant resistance

• Close below 1.2039 21 day moving average needed to end topside bias

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