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Oct 25 - 01:55 AM

GBP/USD - Steady Demand, Supported By Major Budget Spending

By Andrew M Spencer  —  Oct 24 - 11:39 PM

  • +0.2% with the USD softer, at the top a 1.3752-1.3780 range with steady flow

  • Budget - Sunak says inflation, rates feed into budget thinking nL9N2PI02B

  • UK plans GBP 6 billion package to boost health service capacity nL8N2RK0E5

  • UK plans GBP 8 billion of extra health and education spending nL1N2RJ0GN

  • Charts; 5, 10 & 21 day moving averages climb, 21 day Bollinger bands expand

  • Daily momentum studies conflict - bullish setup while 1.3733 10 DMA holds

  • 1.3831, 50% of 2021 fall capped last week - break to test 1.3913 Sep high

For more click on FXBUZ


gbp 2 Oct 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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