• Flat after closing down 0.1% with the USD up 0.15% - consolidation continues

• The UK expects to be hit by US tariffs on April 2nd, PM's spokesman said

• UK shop prices eased in March, but prices to rise as the budget kicks in

• With no significant data in London, the USD will likely lead sterling

• Charts - 5, 10, & 21-day MAs coil, as 21-day Bollinger bands contract

• Mixed daily momentum studies - the Feb/March uptrend remains stalled

• 1.2929 21-day moving average broken - 1.2806 200 DMA is the next support

• Thursday's 1.2992 high and the 1.3015 2025 trend top are first resistance

• A close below the 1.2806 200-day moving average would end the topside bias
Andy

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