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
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Source:
Refinitiv IFR Research/Market Commentary