By Andrew M Spencer — Jan 09 - 06:35 PM
Steady after closing up 0.75% amid broad U.S. dollar weakness
BoE's Chief Economist Pill sees risk of persistent inflation nL8N33U4QC
UK, EU working on data access to resolve post-Brexit trade row nL8N33U4DQ
Higher UK yields and potential N.Ireland Brexit trade deal support sterling
Charts; daily momentum studies conflict, 21 day Bollinger bands contract
5, 10 & 21 day moving averages base, daily signals show a neutral setup
Close above 1.2111 21 day moving average is a strong positive signal
Targets 1.2345 upper 21 day Bollinger band - 1.2113 London low supports
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Source:
Refinitiv IFR Research/Market Commentary