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Mar 16 - 07:55 AM

GBP/USD Stability Returns But Sterling Still Under A Cloud

By Peter Stoneham  —  Mar 16 - 06:05 AM
  • GBP recovers some ground after Wed's 1.2179-1.2012 slide

  • Sentiment improved after news of official support for Credit Suisse

  • Technically, GBP remains below its daily Ichimoku cloud

  • The cloud base is currently at 1.2144 and the top at 1.2167

  • Converging moving averages holding sterling's decline, on a closing basis

  • Four averages including 100DMA run from 1.2017 through 1.2044

  • All eyes on the ECB: rate hike plans clouded by banking turmoil

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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