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