• Off 0.1% in a 1.2654-1.2679 range, as the USD climbs on a UST yield bounce

• PM Starmer boosts defence spending ahead of his trip to Washington

• UK retail could shed 160,000 part-time jobs after employer tax increase- BRC

• BOE Chief Economist Huw Pill speaks at BoE annual research conference

• Charts - 5, 10 & 21-day moving averages climb, as 21-day Bolli bands expand

• Daily momentum studies rise - a positive setup targets the 1.2787 200 DMA

• Last week's 1.2564 low and then the 1.2524 21 DMA are initial support

• Monday's 1.2690 2025 top, 1.2730 Dec 18 high are the first resistance
Andy

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