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Feb 21 - 11:55 PM

GBP/USD - Bid Awaiting Johnson's Plan To Exit Lockdown

By Andrew M Spencer  —  Feb 21 - 09:56 PM
  • +0.15%, at the base of a 1.4013-1.4050 range, with plenty of interest

  • UK firms report strongest hiring intentions in a year - CIPD nL8N2KP5M4

  • Hiring below pre pandemic - extension of jobs support key for businesses

  • Johnson will announce his plan to ease lockdown on Monday nL1N2KR0DT

  • The plan will likely be the major event risk for sterling in London

  • Charts; 5, 10 & 21 daily weekly and monthly moving averages trend north

  • 1.4037 trend channel top capped Friday, and held today - now 1.4047

  • Close below 1.3898 rising 10 DMA would undermine the topside bias

    For more click on FXBUZ

gbp 2 feb 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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