By Andrew M Spencer — May 06 - 08:25 PM
Unchanged after closing up just 0.1% with an inside day on a UK holiday
Barclays- UK April consumer spending slowed to 1.6%, weakest since Feb 2021
The British Retail Consortium also reported a sharp drop in retail sales
BOEWATCH prices no change on Thursday at 90.75% - August 22.67 pt cut priced
Charts; 5, 10 & 21-day moving averages conflict, 21-day Bolli bands contract
Mixed daily momentum studies - the daily charts show no strong bias
Friday's 1.2634 high then 1.2666, 0.618% of the Mar/Apr fall are resistance
1.2525 10-day moving average and last week's 1.2467 base are first supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary