By Andrew M Spencer — Nov 10 - 09:35 PM
Off 0.05% in a 1.2910-1.2925 range with little interest on LSEG FX Matching
Veterans Day holiday in the US, no major UK data - tight London range likely
BoE Economist Pill - must focus on changes to longer-term price pressures
Charts - Neutral daily momentum studies, 21-day Bollinger bands gently ease
5, 10 & 21-day moving averages slip - signals have turned negative
Thursday's 1.2877 low then last week's 1.2835 base are initial supports
Last week's 1.3046 high then the 1.3103 Oct 15th top is next resistance
Despite a second inside day sterling shows a modest downside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary