By Andrew Spencer — Feb 16 - 09:51 PM
• +0.1% in 1.2582-1.2608 range with moderate interest on FX Matching
• UK firms brace for a hit from budget-led tax hikes, CIPD surveys show
• The survey joins a slew of negative business surveys since the budget
• UK housing market starts to feel the drag from tax change, Rightmove
• UK Prime Minister Starmer offers to send peacekeeping troops to Ukraine
• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise
• Positive daily momentum studies - bullish daily signals to start the week
• Friday's 1.2550 low and 1.2631 high are initial support and resistance
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters