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Mar 23 - 08:55 PM

GBP/USD - Opens Softer As Inflation Fears Weigh

By Andrew M Spencer  —  Mar 23 - 07:35 PM

  • Steady after closing down 0.45%, leading USD higher, with EUR/GBP up 0.2%

  • Rising UK inflation nL5N2VQ19H may hit UK domestic spending and growth

  • Sunak's cautious budget update failed to impress markets nL2N2VQ0F5

  • Charts; momentum studies - 5, 10 & 21 daily moving averages conflict

  • 21 day Bollinger bands contract - mixed signals favour range trading

  • 1.3322, 50% of Feb-Mar fall and 1.3000 March and 2022 low range parameters

  • NY 1.3175-1.3214 range is initial support and resistance

For more click on FXBUZ


gbp Mar 24 Click here

Source:
Refinitiv IFR Research/Market Commentary

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