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Sep 27 - 09:55 PM

GBP/USD - Firm On Hawkish BoE, But 1.3600 Remains Vulnerable

By Andrew M Spencer  —  Sep 27 - 07:36 PM

  • Steady after closing up 0.25%, despite the firmer USD - EUR/GBP -0.4%

  • Hawkish comments from BoE Governor Bailey supported nL8N2QT4IU

  • Sterling strength possibly transitory as supply chain woes bite nL8N2QT13Q

  • UK to start talks on joining trans-Pacific trade pact nL1N2QT254

  • Government working hard to diversify trade ties, as EU trade slips

  • Charts; momentum studies, 5, 10 & 21 DMAs conflict - mixed signals

  • 21 day Bollinger bands expand - bias still lower while 1.3763 21 DMA holds

  • Double bottom support above 1.3600 remains vulnerable

    For more click on FXBUZ


gbp Sep 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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