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Nov 15 - 07:55 PM

GBP/USD - Resilient On Yield Outlook And N.Ireland Optimism

By Andrew M Spencer  —  Nov 15 - 06:32 PM

  • Flat - closed +0.05%, despite firmer USD on BoE inflation fears nL8N2S65PZ

  • BOEWATCH priced a move to 0.35% on Dec 16 at 60% on the London close

  • EU's Sefcovic 'convinced' of N.Ireland deal if the UK engages nL1N2S61C2

  • Credible solution to N.Ireland issue would be a strong positive for sterling

  • Charts 5, 10 & 21 daily and weekly MAs slide, 21 day Bollinger bands slip

  • Mixed momentum studies - downtrend targets 1.3166, 38.2% 2020-21 rise

  • 1.3480 10 DMA is initial significant resistance, 1.3618 21 DMA pivotal

  • Friday's 1.3354 low and 1.3310 lower 21 day Bollinger band first support

For more click on FXBUZ


gbp Nov 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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