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Mar 11 - 10:55 PM

GBP/USD - Bid Into UK Data Dump - Brexit Impact Interesting

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

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