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May 28 - 09:55 PM

GBP/USD - Hit Early By The Strong USD, And Weak UK Data

By Andrew Spencer  —  May 28 - 08:09 PM

• Down 0.15% after closing down 0.25%, resilient against a 0.35% USD rise

• USD up in Asia as US trade court blocks Trump's 'Liberation Day' tariffs

• Nvidia up 5% as sales hit from China export curbs not as bad as feared

• UK services sentiment hits 2-1/2-year low, as costs and prices rise- CBI

• Charts- 5, 10, & 21-day moving averages rise, negative momentum studies

• 21-day Bollinger bands expand - the positive setup just hangs in

• Yesterday's 1.3522 high then Monday's 1.3593 top are initial resistance

• Last Thursday's 1.3392 base and the 1.3356 21 DMA are the first supports
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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