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Nov 06 - 10:55 PM

GBP/USD - BoE Cut Is Priced - Expectations Key For Sterling

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

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