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Apr 11 - 09:55 PM

GBP/USD - EUR/GBP Flow Supports Into The Monthly UK Data Dump

By Andrew M Spencer  —  Apr 11 - 07:55 PM
  • Steady after closing up 0.1% as EUR/GBP slipped 0.25% on the dovish ECB

  • Bank of England's Greene said UK rate cuts should be 'a way off'

  • Green believes UK's persistence of inflation pressure is worse than the US

  • Likely quiet in Asia ahead of the UK data dump today led by GDP and IP

  • Techs; 5, 10 & 21-day moving averages fall with 21-day Bollinger bands

  • Daily momentum studies slip - Wednesday's fall left a bearish daily setup

  • GBP poised above long-term 1.2500 support- close below bearish for next week

  • 1.2578 New York high and this week's 1.2709 top are initial resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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