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Feb 04 - 10:55 PM

GBP/USD - Offered With Firmer USD, Treasury Yields

By Andrew M Spencer  —  Feb 04 - 10:05 PM
  • Off 0.2% with the USD up 0.15% as Treasury yields extend higher in Asia

  • No tier 1 UK data - MPC Member and Chief economist Huw Pill in a Q&A

  • N. Ireland has 'brighter future' with power sharing return, Sunak says

  • U.S. dollar/Treasury yields and risk appetite to lead sterling offshore

  • Charts; 5, 10 & 21 day moving averages, daily momentum studies edge lower

  • 21-day Bollinger bands expand - bearish setup is usual at the range base

  • 1.2629 Asian high today then 1.2772 London top are first resistance

  • Close below 1.2600 would target a test of 1.2524, 38.2% of the 2023 range

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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