By Andrew M Spencer — Oct 01 - 08:20 PM
-0.055 after closing -0.68%- risk off USD strength on Middle East escalation
UK pay awards by major employers remain at 4% - good news for the BoE
WorkSpace BOEWATCH prices an October 25pt cut to 3.25% as a 94% chance
Without tier one UK data or BoE speeches, risk appetite and the USD lead GBP
Charts, bearish daily momentum studies, as 21-day Bollinger bands climb
5, 10 & 21 DMAs conflict - neutral setup as key 1.3410 Fibo resistance held
1.3237, Tuesday's base and 21 DMA, then 1.3218, 50% of the Sept rise support
Tuesday's 1.3389 top then 1.3410 0.786% 2021/22 fall are resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary