• Off 0.15% in an active 1.3203-1.3242 FX Matching range with the USD +0.25%

• Small risk recovery in Asia, E-mini S&P +0.6% - FTSE -0.3% with Wall Street

• There is no tier one UK data or BOE events ahead of the Easter long weekend

• Sterling likely driven by risk appetite, the USD, and fallout from the ECB

• Charts - yesterday's 1.3292 2025 trend high sustains the current uptrend

• 5, 10, & 21-day moving averages rise, as 21-day Bollinger bands expand

• Daily momentum studies climb - positive signals suggest further gains

• Tuesday's 1.3165 low and this week's 1.3068 base are initial supports

• The 2024 1.3434 high is the next significant resistance
Andy

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