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Key Resistance Is At 1.2203

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Still Range-Bound

US TSYS SUMMARY

Decent Action on Narrow Range Ahead Wed's FOMC

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Boris Johnson and President Macron will try to restore the "brotherly" relationship between Europe's biggest military allies after yesterday's stand-off over fishing rights in Jersey. Government officials admitted that relations were "not where we want them to be" after the deployment of naval vessels by both countries. The two leaders are expected to speak over the coming days to reset an alliance that has hit a new post-Brexit low after disputes about fishing, vaccines and financial services. A senior government source said that both sides were keen to "dial down the rhetoric" before next month's G7 summit. "We're a bit like a pair of brothers," the source said. "We're the closest allies and there is no fundamental unhappiness but things are bumpy."