By Andrew M Spencer — Nov 06 - 10:15 PM
Trades +0.3% at the top of a 1.2877-1.2915 range - bid into the London open
BOEWATCH prices a 25pt rate cut to 4.75% at 82.92% - outlook is key for GBP
The budget and new US government's impact on BoE expectations are pivotal
UK PM Starmer speaks with Donald Trump to offer "hearty congratulations"
Charts - daily momentum studies and 21-day Bollinger bands ease
5, 10 & 21-day moving averages slip - signals show a modest downside bias
Wednesday's 1.2835 low, then the 1.2665 August base are initial supports
Last week's 1.3043 high capped - 1.3103 Oct 15 top is next resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary