By Andrew M Spencer — Aug 25 - 08:30 PM
Steady after closing up 0.95% with the U.S. dollar 0.75% lower
BoE Governor Bailey is not convinced that inflation is beaten
Contrasts with the ECB and Federal Reserve's September expectations
The disparity in the outlook for yields remains a strong sterling positive
TECHs - positive daily and weekly 5, 10 & 21 moving averages
21-day Bollinger bands expand with mixed momentum studies - bullish setup
The current uptrend targets a test of 1.3410, 0.786% of the 2021-2022 fall
Close below the 1.3011 10-day moving average would end the topside bias
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Source:
Refinitiv IFR Research/Market Commentary