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Apr 10 - 09:55 PM

GBP/USD - Builds On Offshore Gains Into The Monthly UK Data Dump

By Andrew Spencer  —  Apr 10 - 08:07 PM

• +0.2% after closing up 1.1% with the USD weaker across the board off 1.85%

• UK jobs market sees biggest jump in people looking for work since 2020

• BoE's Breeden says interest rate implications from US tariffs unclear

• UK GDP, construction, industrial production, index of services lead UK data

• Charts - 5, 10, & 21-day moving averages base, 21-day Bolli bands flat-line

• Daily momentum studies base, rise - signals are neutral from bearish

• Thursday's 1.2816 low and this week's 1.2712 base are first support

• Last Friday's 1.3113 high, then the 1.3207 2025 high are initial resistance
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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