• +0.1% in a 1.3719-1.3747 range with moderate FX matching flow

• All the major currencies traded tight ranges, stocks firmed FTSE +0.1%

• PM Starmer offers concessions on welfare cuts to quell a Labour revolt

• There is no significant UK data - U.S. Core PCE Price Index leads data risk

• Charts - 5, 10, & 21-day moving averages climb, positive momentum studies

• 21-day Bollinger bands expand - daily signals retain a topside trending bias

• A close above 1.3621 will leave a bullish outside week - adding support

• Thursday's 1.3770 top, then the distant 1.4250 2021 peak initial resistance

• Wednesday's 1.3591 low, then 1.3550/62 10 & 21 DMAs are initial support
Andy

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