• +0.05% after closing up 0.2% on Friday, despite a firmer U.S. dollar

• Surprise bounce in UK retail sales on Friday underpinned cable nL5N2XC0ZP

• Gov't lawmaker, "Universal Credit" should rise with inflation nL5N2XD05S

• Prompt action to help those most disadvantaged would be a popular policy

• Charts; momentum studies climb, 5, 10 & 21 day moving averages conflict

• 21 day Bollinger bands contract - mixed signals suggest choppy consolidation

• Close above 21 DMA, now 1.2437 was bullish for 1.2592, 38.2% March-May fall

• Today's 1.2481 low and last week's 1.2523 high initial support, resistance

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