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Mar 14 - 11:55 PM

GBP/USD - Optimism Rampant In The UK, Leaving Sterling Resilient

By Andrew M Spencer  —  Mar 14 - 10:56 PM
  • Flat in a 1.3919 - 1.3950 range with good volumes once Asia fully opened

  • UK firms see sharper 2021 rebound than international peers nL8N2LA45G

  • Asking prices for UK houses rise again - Rightmove nL8N2LA4ZZ

  • Optimism is rampant in the UK, despite Brexit issues nL8N2LA1JU

  • Charts; momentum studies, 5, 10 & 21 DMAs base, rise - modest positive setup

  • 1.4010, 50% February-March fall capped on Friday, so now key resistance

  • 1.3865 NY low Friday is initial support - USD is leading cable at present

  • 1.3780-1.4000 range looks likely to hold unless there is significant news

For more click on FXBUZ


gbp 2 mar 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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