• Steady after closing up 1%, back at familiar levels with the USD off 0.75%

• UK's Reeves and Bailey hope the new repo system will make money for the BoE

• No major UK data, BOE Deputy Gov Sarah Breeden speaks - uncertainty reigns

• Trump's Middle East tour will generate plenty of news if Tuesday is a guide

• Charts - mixed 5, 10, & 21-day moving averages, momentum studies conflict

• 21-day Bollinger bands contract - the daily charts are back in neutral

• Under pressure 1.3306 21-DMA, then last week's 1.3402 high first resistance

• Bears need a close below the resilient 1.3165, 0.3825 of the April rise
Andy

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