• Flat in a busy 1.2654-1.2674 trend high FX Matching range - USD +0.1%

• Consumer confidence slightly improved after the Bank of England rate cut

• UK job postings rise, easing some labour market gloom after the budget

• UK retail sales, manufacturing, and services PMIs lead data risk in London

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

• Daily momentum studies edge higher - bullish daily signals underpin sterling

• This week's 1.2564 low and then the 1.2500 21 DMA are initial support

• 1.2730 Dec 18 top is first resistance - targets a 1.2788 200-DMA test
Andy

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