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Mar 25 - 01:55 PM

GBP/USD - Rose Away From 200-DMA Support Sub-1.26 After Upbeat UK CBI Data

By Paul Spirgel  —  Mar 25 - 01:25 PM
  • GBP$ +0.3% at 1.2640,rises away from Friday sub-1.26 low to 1.2652 high

  • Cable rise a touch higher than other majors after upbeat UK CBI data

  • Sterling slide on dovish BoE outlook stalls by its 200-DMA

  • UK Q4 GDP on Thursday, U.S. core PCE Friday in focus

  • Res 1.2663 daily cloud top, 1.2676 Mar 22 high, 1.2689 50% of 1.2803-1.2576

  • Supt 1.2613 30-HMA, 1.2592 the 200-DMA, 1.2533 lower 30-d Bolli

  • Slide on lower BoE rate view likely tempered as BoE/Fed on similar policy path

Source:
Refinitiv IFR Research/Market Commentary

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