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Oct 18 - 01:55 AM

GBP/USD - USD Caps - Hawkish BoE And Supply Chain Fears Support

By Andrew M Spencer  —  Oct 17 - 11:00 PM

  • Touch softer at the base of a 1.3737-1.3765 range - hectic early, then busy

  • Early flow on restated hawkish outlook from BoE Governor Bailey nL1N2RD0IG

  • UK finance chiefs - supply chain drag for at least another year nL8N2RB4ES

  • If supply chain issues persist, chance of rising inflationary pressure grows

  • Charts; 5, 10 & 21 day moving averages base or rise, 21 day Bolli's expand

  • Momentum studies head north - Friday's mixed signals have turned positive

  • Upper 21 day Bolli a good indicator of an overbought market - capped Friday

  • 1.3781 upper Bolli now rising, which supports a strategy of buying dips

    For more click on FXBUZ


gbp 2 Oct 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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