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Derived real-time data in partnership with:
Thomson Reuters
May 30 - 02:36 AM
GBP/USD - Offshore Factors Hold Sway - Trend Remains Lower
First appeared on eFXplus on May 30 - 12:15 AM
  • -0.l% in Asia - USD firmed, as UST yields bounced - 10yr +4bp to 2.822%
  • Easing inflation fears as UK shop prices fall 1.1% y/y - BRC nL9N1M1020
  • Neutral momentum studies, 5, 10 & 20 DMAs head lower - negative setup
  • Next stop 1.3180, 50% 2017/18 rise, then 1.3030 Oct/Nov range support
  • Close above 1.3369 10 DMA would undermine downside bias
  • Occasional flurries of GBP interest Click here

gbw may 30 Click here

Source:
Thomson Reuters IFR Markets

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