By Andrew Spencer — Feb 26 - 07:04 PM
• Steady after closing +0.05% - resilient with the USD up 0.25%
• UK plans Ukraine talks, Trump debrief with European leaders on Sunday
• No easy monetary policy answer to higher global tariffs, BoE's Dhingra says
• There is no tier-one UK data or BOE events - USD will likely lead sterling
• Charts - 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise
• Neutral daily momentum studies - a positive setup targets the 1.2787 200 DMA
• This week's 1.2607 low, then last week's 1.2564 base are initial support
• 1.2730 Dec 18 high is the first resistance then the 1.2787 200 DMA
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters