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Aug 10 - 09:55 PM

GBP/USD - Consumers Return, As Sterling Holds July Gains

By Andrew M Spencer  —  Aug 10 - 07:35 PM
  • Flat after closing up 0.2%, as EUR/GBP sales supported, closing off 0.55%

  • UK consumer spending up in July as pubs and restaurants reopen nS8N2DV074

  • 78% of CEOs expect COVID-19 to entrench remote working in UK - nL8N2FC5G1

  • Techs; negative momentum studies and a cresting 5 DMA support range trading

  • Close below the rising 1.2882 21 DMA would be a negative signal

  • 1.3210 February high is the next significant resistance

  • London 1.3020 low and NY 1.3103 high initial support-resistance

For more click on FXBUZ


gbp aug 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

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