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Nov 21 - 01:55 AM

GBP/USD - Bid Into Today's Bank Of England Testimony

By Andrew M Spencer  —  Nov 20 - 10:15 PM
  • +0.25% as Yen and CNH led the USD lower amid mixed stocks and commodities

  • Public sector drives UK wages higher in Oct: XpertHR, private sector stable

  • Monetary Policy Report Hearings - BoE comments to lead event risk in London

  • A free-spending UK budget on Wednesday will be poorly received by markets

  • Charts; 5, 10, and 21-day moving averages climb with daily momentum studies

  • 21-day Bollinger bands expand, which is a strong positive trending setup

  • 1.2590 50% of the July-October fall in view - remains a longer-term target

  • Today's 1.2504 Asian low and then 1.2462 NY base Monday are initial supports

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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