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Nov 19 - 10:55 PM

GBP/USD - Firmer Into Inflation Data - Key For BoE Expectations

By Andrew M Spencer  —  Nov 19 - 09:45 PM
  • +0.05% in a tight but active 1.2685-1.2695 range on FX Matching

  • UK CPI Y/Y RTRS poll 2.2% and PPI lead GBP data - key for BoE expectations

  • UK's job market statistics missed nearly 1 million workers - think tank says

  • Nvidia results lead US event risk - possible big swings post-earnings

  • Charts - mixed daily momentum studies, 21-day Bollinger bands fall

  • 5, 10 & 21-day moving averages head lower - a negative trending setup

  • Stalled at the 1.2616 June base - break needed soon to sustain the trend

  • Break above 1.2757 10 DMA and Nov 13 1.2770 top would be positive

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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