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Feb 10 - 08:55 PM

GBP/USD - March North Extends, Despite Brexit Teething Issues

By Andrew M Spencer  —  Feb 10 - 07:03 PM
  • -0.05% after closing up 0.2%, as sterling remains resilient with USD flat

  • Road freight prices from France to Britain jump 50% in January nL8N2KG5TT

  • There seem to be many ongoing trade related Brexit teething problems

  • BoE warns EU against market intransigence, wants flexibility nL8N2KG6ZK

  • Charts; 5, 10 & 21 daily weekly and monthly moving averages climb

  • Strong positive trending setup with no close significant resistance

  • Blue sky on the charts until 1.4303, 50% of the 2014 - 2020 fall

  • 1.3833 upper 21 day Bollinger band a good indicator short term overbought

For more click on FXBUZ


gbp feb 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

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