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Nov 13 - 08:55 PM

GBP/USD - Opens Higher - Political Reshuffle Was Well Received

By Andrew M Spencer  —  Nov 13 - 06:45 PM
  • Steady after closing up 0.45%, as sterling led the U.S. dollar lower

  • PM Sunak moved towards the centre, with Braverman out and Cameron in

  • Cameron's return will upset far-right Brexiteers - the pound liked it

  • Likely quiet in Asia ahead of UK employment and U.S. inflation data

  • Charts; momentum studies rise, 10, and 21-day moving averages climb

  • 21-day Bollinger bands expand - net a modest positive setup

  • Last week's 1.2428 high and 1.2437 200-day moving average a likely range top

  • 1.2230 New York low is initial support 1.2096 November base is major support

    For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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