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Feb 15 - 08:55 PM

GBP/USD - Data, Yield Spreads And Technical Outlook Point Lower

By Andrew M Spencer  —  Feb 15 - 06:35 PM

  • -0.05% after closing down 1.15% on easing UK inflation and USD strength

  • 10yr gilt yield -4bp 3.487%, 10yr bund +2bp 2.467% and 10yr UST +4bp 3.802%

  • DUP leader says speculation on N. Ireland protocol deal is premature

  • A compromise on the protocol would be a much needed boost for the UK economy

  • Charts; 5, 10 & 21 day moving averages, 21 day Bollinger bands slide

  • Momentum studies edge lower - daily signals have turned to a negative bias

  • Close above tested 1.2225 21 day moving average would end downside bias

  • 1.2120 NY low then this week's 1.2031 base are initial supports

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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