• Trades down 0.15%, at the base of a 1.2609-1.2584 range with the USD up 0.1%

• UK firms turn more hopeful on the economy, and plan to hire more, Lloyds

• US and Britain will have trade agreement, Trump says alongside Starmer

• A UK/US trade agreement amid the swathe of US tariffs would support sterling

• There is no first-tier UK data or BOE events, so the USD to lead the GBP

• Charts -5, 10 & 21-day moving averages conflict, as 21-day Bolli bands rise

• Daily momentum studies crest - the positive setup just hangs in

• Last week's 1.2564 base, then the 1.2541 21 DMA are initial support

• Thursday's 1.2689 high and then the 1.2730 Dec 18 top are first resistance

• Close below the 1.2540 21-day moving average would be bearish for next week
Andy

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