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Aug 25 - 09:55 PM

GBP/USD - Disparate Central Bank Rate Outlooks Support

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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