By Andrew M Spencer — May 09 - 07:35 PM
Steady after closing little changed, resilient to the firmer U.S. dollar
UK returned from the long coronation weekend buoyed by positive sentiment
BOEWATCH prices a 25pt hike to 4.5% on May 11th at 98.76% - outlook pivotal
Strikes continue - Unite says 1,200 contractors to resume 2-day strike
Charts; momentum studies flat line, 5, 10 & 21-day moving averages climb
21-day Bollinger bands rise - technical signals suggest further gains
1.2666 May 2022 top caps but vulnerable, next stop 1.2751 61.8% 2021-22 fall
1.2580 NY low and then 1.2566 10-day moving average are initial supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary