• +0.05% after closing +0.1%, supported by EUR/GBP, -0.5% after the ECB

• Strong UK services PMI and higher wages keep the pressure on BoE to hike

• BOEWATCH prices a 25 pt hike to 4.5% on May 11th as a 76.54% probability

• Charts; neutral momentum studies, 5, 10 & 21-day moving averages rise

• 21-day Bollinger bands expand - technical signals remain positive

• Targets a test of 1.2666 May 2022 top, then 1.2751 61.8% 2021-2022 fall

• NY 1.2550 low and then 1.2471 21-day moving average are initial supports

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