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Feb 12 - 01:55 AM

GBP/USD - Soft As The USD Firms Into A Raft Of UK Data

By Andrew M Spencer  —  Feb 11 - 10:25 PM
  • -0.2% at the base of a 1.3787-1.3814 range, as the USD firmed in Asia

  • Britain, EU stress commitment to solve N.Ireland border row nL1N2KH3KY

  • POLL-UK economy to reach pre-COVID-19 levels within two years nL8N2KH4VR

  • Economic optimism driven by UK's success in rolling out vaccinations

  • Charts; 5, 10 & 21 daily weekly and monthly moving averages climb

  • Strong trending setup - this week's 1.3865 trend top first resistance

  • 1.3751, 38.2% of Feb bounce and 1.3716 50% initial supports

  • Plenty of UK data - see chart for polls

    For more click on FXBUZ

ukd feb 12 Click here

gbp feb 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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