By Andrew M Spencer — Mar 01 - 06:35 PM
Steady after closing up just 0.05%, capped by Dovish BoE Bailey comments
UK rate moves will be data driven, making upcoming economic statistics key
Britain's 'City' minister to attempt EU financial relations reset in Berlin
Success of Sunak's Windsor Framework will determine outcome of finance talks
Charts - 5, 10 & 21 day moving averages coil, momentum studies flat line
21 day Bollinger bands contract - signals suggest further consolidation
1.2060 21 DMA tested 3 times, but held in February - close above positive
1.1915 February low initial major support - 1.1842 2023 low is pivotal
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Source:
Refinitiv IFR Research/Market Commentary