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Feb 12 - 11:55 PM

GBP/USD - Bid Into The Monthly UK Data Dump

By Andrew Spencer  —  Feb 12 - 10:04 PM

• +0.1% at the top of an active 1.2442-1.2462 Asian range on FX Matching

• UK housing market cools in January but surveyors stay upbeat - RICS

• UK launches an offshore wind farm incentive -'Clean Industry Bonus' scheme

• GDP, Construction, Index of services, IP and manufacturing lead today's data

• Charts- 5, 10 & 21-day moving averages base, as 21-day Bolli bands contract

• Neutral daily momentum studies - no significant bias at familiar levels

• Tuesday's 1.2332 base and then the February 1.2249 low are initial support

• Last week's 1.2550 high and then the 1.2616 2025 top are first resistance
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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