By Andrew M Spencer — Feb 03 - 10:08 PM
Touch firmer in a tight, quiet 1.3640-1.3654 range into the Bank of England
BoE on hold, focus on recovery hopes and negative rate comments nL8N2K96FA
Many UK companies report trade hassles from Brexit shift: HSBC nL8N2K95ED
Uk government hopes Brexit issues are teething problems, but we will see
Charts; 5, 10 & 21 daily moving averages conflict, momentum studies slip
Close below 1.3650 21 DMA suggests the uptrend is in a consolidation phase
1.3605 50% 2021 bounce and 1.3569 61.8% are key support levels
1.3670 NY high and Wednesday's 1.3683 top and 10 DMA initial resistance
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Source:
Refinitiv IFR Research/Market Commentary