Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 18 - 09:55 PM

GBP/USD - Bid, But UK's Economic And Political Issues To Cap

By Andrew M Spencer  —  Oct 18 - 07:45 PM

  • +0.25% after closing -0.35% with an inside day, amid PM Truss uncertainty

  • Support for PM Truss is falling within parliament, she remains vulnerable

  • Oct 31 medium-term fiscal plan nL1N31J0EY, BoE rate decision Nov 2 are key

  • UK business confidence slumped on economic turmoil nL8N31J4MT - no shock

  • Charts, daily momentum studies rise, 21 day Bollinger bands flat line

  • 5, 10 & 21 day moving averages conflict - a neutral setup on daily charts

  • London 1.1257 low initial support and Asian 1.1410 high Tuesday, resistance

  • Major resistance at 1.1541, 61.8% Aug-Sep fall - support at 1.0925 Oct base

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!