By Andrew Spencer — Jun 03 - 08:17 PM
• Steady after closing off 0.25%, resilient to a 0.7% U.S. dollar bounce
• UK Fin Min Reeves okays GBP 15.6 bln of transport projects outside London
• BoE Gov Bailey sticks with 'careful' rate cut view as uncertainty deepens
• US steel, aluminium imports from UK to remain at 25% vs 50% from elsewhere
• Charts- 5, 10, & 21-day moving averages rise with neutral momentum studies
• 21-day Bollinger bands expand - the daily signals suggest further gains
• Last week's 1.3593 2025 top, then 1.3749 2022 high are initial resistance
• Monday's 1.3457 low and last week's pivotal 1.3417 base are first supports
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters