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Sep 08 - 01:55 AM

GBP/USD - 'Bold' Truss Plan, And Powell Key For Next Move

By Andrew M Spencer  —  Sep 07 - 11:55 PM

  • -0.35% near the base of a 1.1492-1.1541 range with plenty of flow on D3

  • UK recruiters - hiring slow, pay growth weakest in over a year nL8N30E468

  • UK PM Liz Truss to set out 'bold' plan to tackle energy crisis nL8N30E5DB

  • Response to 'bold' plan and Fed's Powell speech key for next sterling move

  • Techs: neutral daily momentum studies, 21 day Bollinger bands track lower

  • 5, 10 & 21 daily, weekly and monthly moving averages all head south

  • Bearish trending setup while 1.1585 10 day moving average caps on the close

  • Charts provide a glimmer of hope for sterling optimists nL1N30F00M

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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