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Jan 29 - 11:55 PM

GBP/USD - DUP Deal - Cooling Shop Prices Good News For BoE

By Andrew M Spencer  —  Jan 29 - 10:15 PM
  • Steady near the base of a busy but tight 1.2707-1.2721 range on D3

  • Northern Ireland's DUP strikes a deal to return to power-sharing government

  • Decision is good news for neutrals - potential to ease Brexit restrictions

  • UK shop prices rise at slowest pace since May 2022: BRC - good news for BoE

  • Charts; 5, 10 & 21 DMA coil, as 21-day Bollinger bands contract

  • Daily momentum studies slip - daily signals show no significant bias

  • New York's 1.2662 low and then last week's 1.2650 base are initial support

  • Asia's 1.2721 high, then last week's 1.2774 top the first resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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