By Andrew M Spencer — May 15 - 07:35 PM
Steady after closing up 0.65%, recovering Friday's loss with a softer USD
BoE chief economist Pill, UK must guard against inflation sticking above 2%
With UK inflation above 10%, inflation may struggle to move below 4%
Britons face biggest tax rise in coming years, since 1979, think tank says
Charts; neutral momentum studies, while 5, 10 & 21-DMAs conflict
21-day Bollinger bands contract - bounce leaves a neutral setup
1.2436 May base and the 1.2679 May high are the short-term key levels
1.2504 NY low and 1.2465 10 DMA are initial support, resistance
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Source:
Refinitiv IFR Research/Market Commentary