Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 21 - 09:55 PM

GBP/USD - Key Support Is Under Pressure, As Rate Cut Hopes Build

By Andrew M Spencer  —  Apr 21 - 08:15 PM
  • Steady after closing down 0.55%, as soft retail sales weighed on yields

  • 10yr bund +1bp to 2.505%, 10yr gilt -4bp to 4.234% - EUR/GBP closed +0.65%

  • Bank of England's Ramsden was more confident UK inflation risks are ebbing

  • Resilient house prices - asking prices for UK homes close to record high

  • Charts; 5, 10 & 21-day moving averages fall, 21-day Bollinger bands expand

  • Daily momentum studies slip - daily charts retain the bearish bias

  • Signals target a break of under pressure 1.2367, 0.618% Oct-March rise

  • 1.2467 New York high is the initial resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!