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Apr 15 - 09:55 PM

GBP/USD - Fresh Trend High Ahead Of UK Inflation Data

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

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