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Nov 26 - 10:55 PM

GBP/USD - Offshore Events Led By Major US Data Key For Sterling

By Andrew M Spencer  —  Nov 26 - 09:55 PM
  • +0.05% in a tight 1.2569/1.2579 range with modest flow on FX Matching

  • BoE's Lombardelli says US trade tariffs pose a risk to economic growth, FT

  • No tier-one UK data or BoE speeches - USD/risk appetite to lead sterling

  • US GDP, unemployment claims, and the Core PCE Price Index lead event risk

  • Charts - neutral daily momentum studies, 21-day Bollinger bands ease

  • 5, 10 & 21-day moving averages head lower - the negative setup continues

  • Friday's 1.2475 low and then the 1.2446 May low are initial supports

  • A close above last week's 1.2713 high would be a positive signal

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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