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Feb 13 - 11:55 PM

GBP/USD - March 25Pt BoE Hike, Then Pause - Positive Setup

By Andrew M Spencer  —  Feb 13 - 10:10 PM

  • Steady in a tight 1.2139-1.2151 range with occasional interest on D3

  • Poll - BoE to lift Bank Rate 25 basis points to 4.25% in March, then pause

  • BoE MPC members have conflicting views, as they seek a soft economic landing

  • UK, EU to announce customs deal for N.Ireland in two weeks - Telegraph

  • Customs deal that works for all parties, would be a strong sterling positive

  • Charts; open above 1.2125 10 day moving average targets 1.2251 21 DMA

  • 10 & 21 day moving averages head lower, 21 day Bollinger bands expand

  • Momentum studies conflict - signals show little bias - topside break viable

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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