By Andrew M Spencer — Aug 15 - 07:55 PM
-0.05% after closing up 0.15%, as the U.S. dollar and euro closed steady
UK basic wage growth hit a record, as the jobless rate climbed
Gilt yields rose, 10yr +4bp 4.603%, adds to pressure on Bank of England
Tight Asian range likely into UK inflation data, which is key for the BoE
Charts; neutral daily momentum studies, 21-day Bollinger bands contract
5, 10 & 21-day moving averages edge lower - a modest downside bias
Early London 1.2680 low, then 1.2627 61.8% May/July fall initial supports
1.2753 New York high then 1.2783 21 DMA are the first resistances
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary