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Oct 07 - 09:55 PM

GBP/USD - Brexit Optimism, But The USD Continues To Lead

By Andrew M Spencer  —  Oct 07 - 07:35 PM
  • Flat after closing up 0.4% on broad base risk on USD weakness

  • UK financial services firms turn cautiously optimistic - CBI nL8N2GY5B6

  • UK house price growth hits 18-year high - outlook darkens -RICS nL9N24P009

  • EU & UK inch towards a Brexit deal - UK think 66% chance nL8N2GY58N

  • Charts; momentum studies 5, 10 & 21 DMAs conflict - neutral setup

  • 1.3008 mid September range high capped this week and now major resistance

  • 1.2841 50% of the September-October rise is initial significant support

For more click on FXBUZ


gbp oct 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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