By Andrew M Spencer — May 27 - 12:05 AM
+0.4% with USD weaker across the board, as aggressive Fed hike fears ease
Trades towards top of a 1.2607-1.2666 range, breaking May 1.2637 range top
Cable was busy on D3, but heavy EUR/GBP flow -0.1% a in 0.8496-0.8521 range
U.S. trade deal stalled, so UK deals with states, first Indiana nL5N2XI4OH
UK is working with 20 U.S. states to secure individual trade deals
Charts; momentum studies, 5, 10 & 21 day moving averages head higher
21 day Bollinger bands expand - signals provide a solid positive setup
Break of 1.2637 May range high targets 1.2727, 50% of the 2022 fall
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gbp 2 May 27 Click here
Source:
Refinitiv IFR Research/Market Commentary