-0.05% - closed -0.55% with the USD +0.6% as inflation pushed up UST yields
Yield spreads widened, 10yr gilt +6bp to 4.352%, 10yr UST +7bp to 4.684%
UK inflationary pressures are easing as UST yields rise - likely caps GBP
Expecting a low-key Asian session - only Tokyo, Sydney and Wellington open
Charts; 5, 10 & 21 DMAs conflict, 21-day Bollinger bands edge lower
Daily momentum studies rise - the daily signals show no strong bias
Monday's 1.2569 high then 1.2596, 50% of the March/April fall are resistance
Friday's 1.2448 low and the 1.2299 April low are initial supports
For more click on FXBUZ