By Andrew M Spencer — Jun 06 - 07:30 PM
-0.05% after closing +0.3%, as UK returned from the platinum Jubilee weekend
PM just won the confidence vote, now he has to convince voters nL8N2XT2NS
UK shoppers cut spending by most since COVID lockdown in 2021 nL8N2XT27C
Dour UK consumer mood as cost of living soars will get worse come winter
Charts; momentum studies, 5, 10 & 21 day moving averages conflict
21 day Bollinger bands climb - neutral setup after last week's consolidation
Rising 21 day moving average a base last week now 1.2462 pivotal support
1.2577 London high, then 1.2665 May top are initial resistance
For more click on FXBUZ
gbp jun 7 Click here
Source:
Refinitiv IFR Research/Market Commentary