By Andrew M Spencer — Nov 04 - 07:10 PM
-0.05% after closing up 0.25% with the USD softer into the election
BOE expected to cut 25bp to 4.75% on Thursday by all 72 economists polled
Expecting the BOE to remain cautious on inflation outlook post-budget
LSEG BOEWATCH prices a Nov 25bp cut at 90.83%, next cut priced in Feb
Charts - neutral daily momentum studies, 21-day Bollinger bands slip
5, 10 & 21-day moving averages ease - signals show a modest bearish bias
1.2844 October low, then the 1.2665 August base are initial supports
Thursday's 1.2999 top and last week's 1.3043 high are first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary