By Andrew M Spencer — Feb 20 - 06:40 PM
Steady after closing flat, with the U.S. dollar little changed
Talks on post-Brexit Northern Ireland trade edge closer to deal
Deal will need unlikely agreement of DUP and Conservative Brexiteers
A Brexit deal would be a strong sterling positive, failure negative
Charts; 10 & 21 day moving averages, 21 day Bollinger bands slide
Mixed momentum studies - daily signals show negative signals
Close above tested 1.2188 21 day moving average would end downside bias
Sterling initially targets a test of the 1.1842 2023 base in January
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Source:
Refinitiv IFR Research/Market Commentary