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Aug 14 - 02:36 AM
GBP/USD - Tight Range Into Inflation Data, Bias Still Lower
First appeared on eFXplus on Aug 14 - 12:15 AM
  • Touch softer in a tight 1.2045/1.2065 range, but reasonable interest
  • EUR/GBP saw moderate interest, trades +0.1% in a 0.9267/0.9273 range
  • UK inflation leads data event risk, polls expect CPI y/y at 1.9%
  • 5, 10 & 21 daily, weekly and monthly MAs track south - strong bearish setup
  • Targets 1.1983 2017 low - close above 1.2111 10 DMA would undermine
  • Parliament returns Sept 3, USD likely to lead GBP meantime

gbp3 aug 14 Click here

Source:
Refinitiv IFR Research/Market Commentary

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