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Nov 08 - 11:55 PM

GBP/USD - Steady Into A Speech By BoE Chief Economist Huw Pill

By Andrew M Spencer  —  Nov 08 - 10:20 PM
  • +0.05%, in a 1.2274/1.2301 range with USD and UST yields edging lower

  • Negative sentiment in the UK housing sector eased a touch in October

  • Mortgage rates likely remain elevated in coming months, capping house prices

  • No UK data, BoE chief economist Pill to speak on

  • Charts; momentum studies conflict, 5, & 10-day moving averages climb

  • 21-day Bollinger bands contract - neutral setup suggests consolidation

  • This week's 1.2428 high and 1.2434 200-day moving average a viable range top

  • The 1.2242 London low, and then 1.2238 10-DMA are initial supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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