By Andrew M Spencer — Feb 01 - 06:49 PM
+0.1%, after closing -0.25% with EUR/GBP -0.4% on EU vaccination issues
UK economy hit hardest of G7 countries by the coronavirus nL8N2K73DP
COVID-19 vaccine rollout is a different story, it accelerates nS8N2JO03B
Charts; 10 & 21 daily weekly and monthly moving averages trend higher
Upper 21 day Bollinger band capped trend on close, now 1.3766 resistance
Close below rising 1.3648 21 DMA needed to undermine primary uptrend
Sterling is resilient, but the next move likely USD driven
NY 1.3656 - 1.3726 range is initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary