By Andrew M Spencer — Jan 17 - 07:05 PM
Steady after closing up 0.75% as strong earnings put pressure on BOE
EUR/GBP selling supported on reports of smaller post February ECB hikes
Britain's financial services exports tick higher, U.S. top customer
A good result for the City of London as European competition builds
Charts; neutral momentum studies, 21 day Bollinger bands continue to expand
5, 10 & 21 DMAs rise - positive setup targets 1.2444, 61.8% 2022 fall
1.2300 upper 21 day Bolli band - good indicator of an overbought market caps
Close below 1.2105 21 day moving averages needed to end the topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary