By Andrew M Spencer — Oct 08 - 07:35 PM
Off 0.1%, as the safe-haven US dollar firms amid turmoil in the Middle East
'Get Britain building again', as UK's Labour sets out a growth plan
If the proposals are credible, building infrastructure will be well received
Opposition Labour on course for landslide UK election victory, poll predicts
Charts; bullish 5 and 10-day moving average cross suggests a base is forming
1.2067, 38.2% of the 2022-2023 rise is key support - resilient last week
Close above the falling 1.2276 21-day moving average would end the downtrend
A topside break would target the 1.2439 200-day moving average
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Source:
Refinitiv IFR Research/Market Commentary