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Dec 16 - 10:55 PM

GBP/USD - Bid Into BoE - Expected On Hold Into Brexit Finale

By Andrew M Spencer  —  Dec 16 - 09:55 PM
  • +0.15% at the top of a 1.3499-1.3530 range, but only light interest

  • BoE expected to stay on hold into the Brexit decision nL8N2IW3JL

  • Crisis at UK ports hits retailers and food manufacturers nL8N2IW3LB

  • Port disruption could be a taste of things to come in 2021

  • Charts; range holds - daily momentum studies base, 5, 10 & 21 DMAs climb

  • 1.3525 rising upper 21 day Bollinger band suggests overbought short term

  • Positive setup targets 1.3677, 76.4% 2018-2020 fall longer term

  • This week's 1.3270 low then 1.3135 low last week initial key supports

For more click on FXBUZ


gbp 2 dec 17 Click here

Source:
Refinitiv IFR Research/Market Commentary

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