• Steady after closing down 0.5%, led by a resurgent USD, which climbed 0.6%

• UK public sector employers to raise pay by most since records began in 2012

• Adds pressure on the BoE to hike, BOEWATCH prices 25pt June hike at 67.63%

• Charts; negative momentum studies, 5, 10 & 21-DMAs crest or fall

• 21-day Bollinger bands flat line - fall leaves a bearish setup

• 1.2503 21 DMA and London's 1.2540 high are initial resistance

• 1.2436 May base, then 1.2345, 38.2% of the 2023 rise, the first support

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