By Andrew M Spencer — Feb 28 - 06:40 PM
+0.15% after closing off 0.35% amid month end U.S. dollar demand
PM Sunak busy selling his new Brexit vision to UK sceptics
If he is successful, deal will be longer-term positive for the UK economy
Tough winter for consumers - grocery price inflation hit record 17.1%
Charts - 5, 10 & 21 day moving averages fall, momentum studies conflict
21 day Bollinger bands contract - signals remain net bearish
1.2077 21 DMA tested 3 times, but closed below - close above bullish
Close above 21 DMA targets 1.2269 Feb 14th top - 1.1915 Feb low key support
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Source:
Refinitiv IFR Research/Market Commentary