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
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Source:
Refinitiv IFR Research/Market Commentary