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Oct 25 - 08:55 PM

GBP/USD - Stronger Data, But Rising USD And UST Yields Cap

By Andrew M Spencer  —  Oct 25 - 07:35 PM
  • -0.15% after closing -0.4% with the USD up 0.3% as UST yields climbed

  • Subdued UK growth fuels recession fears - BoE on hold at Nov 2 meeting

  • UK car output growth strongest in September as overseas shipments rise- SMMT

  • EV vehicles led the rebound as supply chain issues eased, but tariffs loom

  • Charts; 5, 10 & 21-day moving averages slip, as momentum studies slide

  • 21-day Bollinger bands expand - the dip leaves modest negative signals

  • 1.2093 double-bottom last week is in view, break to target 1.2038 Oct low

  • Close above Wednesday's 1.2175 high would return the signals to neutral

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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