• Steady in early Asia, after closing flat with the U.S. dollar down 0.3%

• PM Starmer, Trump discuss 'productive negotiations' on UK-US economic deal

• U.S. tariff deals will be negotiated after the April 2 tariff announcements

• There is no tier one UK data - USD and month-end rebalancing flows lead

• Charts - 5, 10, & 21-day MAs coil, as 21-day Bollinger bands contract

• Bearish daily momentum studies - the Feb/March uptrend is stalled

• 21-day moving average held, now 1.2919 - 1.2805 200 DMA is the next support

• Thursday's 1.2992 high and the 1.3015 2025 trend top are first resistance

• A close below the 1.2805 200-day moving average would end the topside bias
Andy

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