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May 17 - 01:55 AM

GBP/USD - Steady Ahead Of BoE Governor Bailey's Speech

By Andrew M Spencer  —  May 16 - 11:35 PM
  • Steady in a tight 1.2480-1.2489 range with little interest on D3

  • Stellantis says UK needs to renegotiate parts of the Brexit deal - BBC

  • UK risks some manufacturing moving to the EU to avoid trade tariffs

  • BoE Gov Bailey, speaks at the British Chambers of Commerce Global Conference

  • Governor Bailey's comments and the tone of his outlook may move sterling

  • Charts; momentum studies show mixed signals, while 5, 10 & 21-DMAs conflict

  • 21-day Bollinger bands contract - consolidation leaves a neutral setup

  • 1.2436 May base and the 1.2679 May high are the short-term levels

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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