Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jan 14 - 08:55 PM

GBP/USD - Remains Under Pressure - Inflation Data Will Be Key

By Andrew Spencer  —  Jan 14 - 07:01 PM

• -0.1% after closing up 0.1% with the USD off 0.2% 0 EUR/GBP +0.5%

• UK fin min Rachel Reeves pledges to stick to fiscal rules at all times

• 10yr gilt yields remain elevated - today's CPI key - y/y poll 3.4%, vs 3.5%

• Charts - mixed daily momentum studies, 21-day Bollinger bands head lower

• 5, 10 & 21-DMAs slide - weeklies remain bearish - a strong negative setup

• Targets a test of the 1.2038 Oct 2023 low, then the 1.1805 2023 low in March

• Friday's 1.2322 high then the 1.2440 well-tested 21 DMA are first resistance

• A close above the 1.2440 21-DMA would be a positive signal
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!