By Andrew M Spencer — Mar 11 - 09:54 PM
Little changed towards the base of a 1.3988-1.4005 range with light interest
Raft of UK data - GDP, IP, manufacturing and trades - see chart for polls
Will be interesting to see Brexit impact on EU/UK trade figures
Car insurance claims fell 19% in 2020 - some Covid-19 winners nL4N2L94D1
Techs; momentum studies, 5, 10 & 21 DMAs base or rise - positive setup
Close above 1.3950 rising 21 daily moving average was a positive signal
1.4010, 50% Feb-Mar fall first resistance- close above bullish for next week
1.3939 NY low is initial support - USD is leading cable at present
For more click on FXBUZ
gbp 2 mar 12 Click here
uk data mar 12 Click here
Source:
Refinitiv IFR Research/Market Commentary