By Andrew Spencer — Apr 15 - 08:01 PM
• Steady after climbing 0.35%, EUR/GBP -0.95%, with the U.S. dollar up 0.45%
• UK power grid could face lowest-ever demand this summer, as solar grows
• A tight sterling range likely ahead of inflation data - key for BoE policy
• Charts - A fresh 1.3252 2025 trend high yesterday sustains the uptrend
• 5, 10, & 21-day moving averages rise, as 21-day Bolli bands expand
• Daily momentum studies climb - positive signals suggest further gains
• Tuesday's 1.3165 low and this week's 1.3068 base are initial supports
• The 1.3434 2024 high is the next significant resistance
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters