• Trades 0.1% higher after tumbling 1.4% as investors switched to safe-havens

• UK's Starmer vows to cut trade barriers with key partners around the world

• There is no tier one UK data, so risk appetite and the USD to lead sterling

• Charts - 5, 10, & 21-day moving averages crest, 21-day Bolli bands expand

• Daily momentum studies fall - signals are now bearish after Monday's fall

• The close below the 1.2812 200-day moving average ads to the downside bias

• 1.2653 0.5% 0f the 2025 rise, then 1.2560 Feb range low are first support

• Monday's 1.2932 top, then Friday's 1.3113 high are the first resistance

• The close below the 1.2812 200 DMA was a bearish signal
Andy

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