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Apr 11 - 11:55 PM

GBP/USD - Holds Tuesday's Gains Into Pivotal U.S. Inflation

By Andrew M Spencer  —  Apr 11 - 11:25 PM

  • +0.05% in a 1.2422-1.2440 range, with only occasional flows on D3

  • Low key FX markets in Asia ahead of today's pivotal U.S. CPI data

  • No UK data - BOE Governor Bailey to speak on 'the shifting risk landscape'

  • UK house sales at pre-COVID levels after the 'mini-budget' shock

  • UK property again proves resilient amid sometimes dour forecasts

  • Charts; 10 & 21 day moving averages climb with the 21 day Bollinger bands

  • Momentum studies conflict - uptrend stalled, but signals are net positive

  • Close below the 1.2321 rising 21 DMA would be a bearish signal

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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