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Oct 20 - 01:55 AM

GBP/USD - Bad News For The UK Government Dominates

By Content Admin  —  Oct 19 - 11:05 PM
  • Steady around 1.2140 in a fairly busy 1.2120-1.2145 range on D3

  • Risk appetite under pressure into a weekend of Middle East event risk

  • UK consumer confidence tumbles in October as inflation still weighs: GfK

  • Sunak's Conservatives lost the usually safe parliamentary seat of Tamworth

  • Conservatives lose Mid-Bedfordshire by-election - a massive swing to Labour

  • Bad news dominates today for the UK government into a likely tough winter

  • Charts; 5, 10 & 21-DMAs ease, momentum studies flat line - no strong bias

  • October 1.2038-1.2337 range is initial significant support and resistance

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Refinitiv IFR Research/Market Commentary


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