By Andrew M Spencer — Oct 10 - 11:15 PM
Off 0.05% at the base of a tight 1.3055-1.3065 range and moderate flow
GDP leads the monthly UK data dump, with construction, IP, and services
Data will provide a snapshot of the UK economy for the BoE rate decision
Core PPI and UoM consumer sentiment lead Friday's U.S. dollar data risk
Charts, ten days of lower daily highs leave a negative technical setup
Daily momentum studies head lower as 21-day Bollinger bands expand
5 & 10 DMA slide - this week's 1.3133 high is the first resistance
1.3002 Sept low and 1.2984 lower 21-day Bolli band likely resilient support
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Source:
Refinitiv IFR Research/Market Commentary