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Aug 21 - 09:48 PM
GBP/USD - Strong Data, But No Deal Brexit A Real Possibility
First appeared on eFXplus on Aug 21 - 07:45 PM
  • +0.1% after closing off 0.4%, as a hopes of a Brexit deal fade nL5N25H2AE
  • UK pay deals hit 2.6% in 3 months to July, 10-year high XpertHR nL5N25H4N3
  • Puts the BoE in a difficult position going into the Brexit end game
  • Positive 5 & 10 DMA cross, neutral momentum studies - mixed signals
  • Close above 1.2154 21 DMA would suggest a period of consolidation
  • Weekly & monthly 5, 10 & 21 moving averages fall, with the primary trend
  • Setup targets another test of the 1.2015 August low

gbp aug 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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