By Andrew M Spencer — Apr 24 - 12:00 AM
Up 0.1% in a 1.2448-1.2464 range with plenty of interest on D3
UK pay settlements edged lower in the first quarter but rose in April
Wage settlements in April average 5% - will make the BoE cautious on cuts
CBI Industrial order expectations lead the UK data schedule - RTRS poll -16
Charts; 10 & 21-day moving averages fall, 21-day Bollinger bands track lower
Daily momentum studies base or rise - charts retain a net bearish bias
A close above 1.2526 38.2% Mar/Apr fall and 1.2533 21 DMA would be bullish
This week's 1.2299 low and Friday's 1.2467 top are first support/resistance
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Source:
Refinitiv IFR Research/Market Commentary