By Andrew M Spencer — Nov 28 - 06:35 PM
Steady after closing up 0.05%, resilient with the U.S. dollar +0.05%
UK finance minister Rachel Reeves delays the spending review until June
Tough choices face the government as it looks to invest in healthcare etc
Second-tier UK data- BoE Gov Bailey speaks on the Financial Stability Report
Charts - daily momentum studies base, 21-day Bollinger bands ease
5, 10 & 21-day moving averages coil - the negative setup is now neutral
Wednesday's 1.2569 low, then the 1.2475 Nov trend low are initial supports
A close above last week's 1.2713 high would be positive for next week
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Source:
Refinitiv IFR Research/Market Commentary