By Andrew M Spencer — Mar 02 - 10:10 PM
Touch softer, at the base of a quiet 1.3955-1.3970 range pre budget
Budget spending proposals pro jobs - key are tax initiatives nL2N2L03C9
Britain to ease listing rules to buttress London after Brexit nL5N2L02UQ
Delicate balance between easing rules and lowering regulation standards
Charts; bearish 5 & 10 DMA cross, while momentum studies head lower
Close below rising 21 DMA - 1.3898 today would be a negative signal
Bias is higher while 21 DMA holds - it has been support on the close in 2021
1.3823, 61.8% of the February rise is pivotal support
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gbp 2 mar 3 Click here
Source:
Refinitiv IFR Research/Market Commentary