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Nov 17 - 11:55 PM

GBP/USD - Bid On Hopes Of A Brexit Deal, Inflation Next Hurdle

By Andrew M Spencer  —  Nov 17 - 10:10 PM
  • Flat in a 1.3248-1.3263 range - busy early, then resilient to a firmer USD

  • Lack of transparency in UK COVID GBP 18BLN procurement deals nL8N2I24GI

  • BoE's Ramsden: Markets see roughly 20% chance of no deal Brexit nL9N2GY026

  • Charts; momentum studies base, 5, 10 & 21 DMAs climb - positive setup

  • 1.3271 76.4% of Nov dip capped Tuesday, break to target November 1.3322 top

  • Sustained 1.3322 break would open the door to 1.3481 September peak

  • 1.3103 21 DMA and last week's 1.3108 base are pivotal support

  • Raft of UK inflation data on Wednesday, see chart for polls

For more click on FXBUZ


ukdata nov 18 Click here

gbp 2 nov 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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