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Apr 14 - 09:55 PM

GBP/USD - 2025 High In View, As UK Shoppers Raise Spending

By Andrew Spencer  —  Apr 14 - 07:53 PM

• Off 0.1% early after closing up 0.45% with the U.S. dollar off 0.1%

• UK shoppers raised their spending in March, despite the US tariff onslaught

• Britain secures fuel shipment to keep its last steel blast furnaces alight

• Global uncertainty will ensure most countries try to become self-sufficient

• Charts - 5, 10, & 21-day moving averages rise, 21-day Bolli bands expand

• Daily momentum studies climb - positive signals suggest further gains

• Yesterday's 1.3068 low and Friday's 1.2968 base are first supports

• The 1.3207 2025 high and then the 1.3434 2024 high are initial resistance
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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