By Andrew M Spencer — May 22 - 11:25 PM
+0.05% in a very tight 1.2718-1.2725 range on D3 with moderate flow
Rishi Sunak calls UK national election for July 4 - it's 'time to choose'
Labour has a big lead in the polls - Sunak needs a spectacular campaign
PMIs lead data risk, Services poll 54.7, Manufacturing 49.5, composite 54
Charts; neutral daily momentum studies- 5, 10 & 21-day moving averages climb
21-day Bollinger bands rise - daily charts show a strong positive setup
1.2766 0.786% Mar/Apr fall capped in London- break targets 1.2893 March high
Close below the 1.2588 21-day moving average low would end the positive bias
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Source:
Refinitiv IFR Research/Market Commentary