By Andrew M Spencer — Aug 26 - 08:10 PM
+0.05% after closing off 0.2%, as the USD bounced with UST yields
UK shop prices fell 0.3% in August - the first fall in nearly 3 years
Data will be good news for BoE inflation expectations, potential rate cuts
PM Starmer - changing the economy will take time - no short-term fix
TECHs - positive daily and weekly 5, 10 & 21 moving averages
21-day Bollinger bands expand with mixed momentum studies - bullish setup
The uptrend targets a test of 1.3410, 0.786% of the 2021-2022 fall
Close below the 1.3042 10-day moving average would be a concern for bulls
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary