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Aug 27 - 09:55 PM

GBP/USD - Climbs On Disparate Central Bank Expectations

By Andrew M Spencer  —  Aug 27 - 07:40 PM
  • Steady after closing up 0.56%, with EUR/GBP off 0.4% - sterling strength

  • The hawkish BoE Bailey comments contrast with the dovish ECB and Fed

  • UK's Starmer eyes a defence deal in Germany to help reset ties with Europe

  • There is no tier-one UK data, but the positive sentiment should underpin

  • TECHS - 5, 10 & 21 daily and weekly moving averages head higher

  • 21-day Bollinger bands expand with positive momentum studies - bullish setup

  • The uptrend targets a test of 1.3410, 0.786% of the 2021-2022 fall

  • Close below the 1.3092 10-day moving average would be a concern for bulls

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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