By Andrew M Spencer — Apr 13 - 07:40 PM
Steady after closing +0.3% - fresh 1.2537 2023 high on broad USD weakness
BoE's Pill said latest UK data is disappointing, though better than forecast
Biden says N.Ireland political deadlock is making U.S. investors cautious
Compromise on N.Ireland politics would be a strong sterling positive
Charts; 5, 10 & 21 day moving averages climb with 21 day Bollinger bands
Momentum studies base/rise - uptrend targets a test of 1.2666 May 2022 high
Close below the 1.2365 rising 21 DMA would end the topside bias
NY 1.2500-1.2537 range is initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary