Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 27 - 11:55 PM

GBP/USD - Off On USD Strength - UK Retailers Eye Cost Pressures

By Andrew Spencer  —  Jan 27 - 09:46 PM

• Off 0.4%, with the U.S. dollar up 0.5% from 5pm NY on Trump tariffs threats

• UK PM Starmer to announce growth-boosting pension reform plans this week

• UK shop prices fall less quickly as retailers eye cost pressures - BRC

• Rising food prices slowed price declines - budget increased retail costs

• Charts - daily momentum studies rise, 21-day Bollinger bands contract

• 5, 10 & 21-DMAs conflict, weeklies remain bearish - positive short-term bias

• Monday's 1.2426 low, then 1.2360 21-day moving average are initial supports

• Targets a test of the 1.2575 Jan 7 high, and then the 1.2616 2025 top

Close below the 1.2360 21-DMA and the 1.2343 5-DMA to end the topside bias
Andy


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

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!