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Aug 15 - 09:48 PM
GBP/USD - Boris In Control, As No Deal Brexit Opposition Talk
First appeared on eFXplus on Aug 15 - 07:50 PM
  • +0.1% early, after closing +0.3 after strong retail sales nL9N1WP01O
  • No deal Brexit opponents remain far from a consensus on a plan nL8N25A7HD
  • Meanwhile Boris and Cummings have the government well organised nL8N2521PS
  • Without a real breakthrough, the government looks to have a winning hand
  • Charts - daily momentum studies base with the 5 DMA - downtrend stalled
  • 5, 10 & 21 weekly and monthly MAs track south - primary trend is lower
  • Close above the very close 1.2099 falling 10 DMA, would undermine the bias

gbp aug 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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