By Andrew M Spencer — Oct 30 - 11:05 PM
-0.1% at the base of a 1.2167-1.2155 range with the USD up 0.15%
UK shop price inflation at 5.2% from 6.2% - lowest since August 2022 -BRC
UK businesses recover some confidence, price expectations rise - Lloyds Bank
Mixed news for the BoE into Thursday's rate decision with no change expected
Charts; horizontal 5, 10 & 21-day moving averages, momentum studies rise
21-day Bollinger bands contract - a neutral setup as the range dominates
Choppy consolidation in the October- 1.2038-1.2337 broad range set to extend
1.2120 Ldn/NY hourly base and 1.2177 21-DMA are initial support, resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary