• Steady in a 1.2999-1.3015 range with moderate flow on FX Matching

• Bank of England set to sit tight on rates as uncertainty mounts

• Wait and see at the US tariffs, and German investment boost impact

• Fin min Reeves to announce GBP 9.9BLN fiscal buffer has been rebuilt BBG

• Charts - 5, 10 & 21-day MAs climb, as 21-day Bollinger bands head north

• Positive daily momentum studies - the Feb/March uptrend remains in play

• Friday's 1.2911 base and then the 1.2824 21-day moving average support

• The 1.3046 range top in November 2024 is the next significant resistance

• A sustained break of the 1.2824 21-day moving average ends the topside bias
Andy

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