• +0.15% after closing down 0.8% with the U.S. dollar up 0.15%

• Investor fears about the UK deficit draw a comparison with Liz Truss

• UK government faces a difficult balancing act between deficits and welfare

• BoE's Taylor warns soft landing for UK economy at risk, sees more rate cuts

• Charts - 10, & 21-day moving averages climb, momentum studies crest/fall

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

• Key supports: 1.3582 21-DMA held on the close, then yesterday's 1.3563 low

• Resistance levels: yesterday's 1.3751 top, then 1.3787 2025 high on Tuesday
Andy

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