By Andrew M Spencer — May 31 - 07:55 PM
Steady after closing down 0.4% on the stronger U.S. dollar at month end
UK private sector sees little growth in next 3 months - CBI nL8N2XN44R
UK retailers raise prices by most in 10 years - inflation hits nL8N2XN3D3
Data continues to show BoE's tight path between inflation and recession
Techs; momentum studies conflict, 5, 10 & 21 day moving averages climb
21 day Bollinger bands expand - charts suggest the top is the weak side
Friday's 1.2666 May high then 1.2727 50% of 2022 fall first resistance
10 DMA a base Tuesday, now 1.2577 - close below would be negative
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GBP jun 1 Click here
Source:
Refinitiv IFR Research/Market Commentary