By Andrew M Spencer — May 25 - 08:00 PM
Steady after climbing 0.4%, despite a firmer USD, on late NY demand
Dour outlook as optimism dries up for UK services industry nL5N2XH4KP
April UK car production falls 11% on chip crisis, supply chain nB8N2TT00O
PM Johnson hangs in after 'partygate' - voters will not forget nL2N2XH0OQ
Despite a raft of negative factors sterling remains resilient
Charts; momentum studies, 5, 10 & 21 day moving averages base or rise
21 day Bollinger bands expand - signals provide a modest positive setup
1.2592, 38.2% March-May fall tested, 1.2639 May high resilient resistance
For more click on FXBUZ
gbp May 26 Click here
Source:
Refinitiv IFR Research/Market Commentary