By Andrew M Spencer — Apr 05 - 07:53 PM
+0.05% after closing up 0.6% on broad based safe haven USD weakness
Sunak's tax break plan pushes UK manufacturers to invest nL8N2LY2PY
Britain launches a new loan scheme to help companies recover nL8N2LY146
Fresh investment is good news for the gov't and the UK economic recovery
Charts; bullish outside day leaves 5, 10 & 21 DMAs basing or rising
Neutral to bearish signals have turned bullish with a base at 1.3670
Close above 1.3854 21 DMA, now initial support, suggests further gains
Targets an initial test of 1.3955, 50% of the 2021 fall, then 1.4022 61.8%
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Source:
Refinitiv IFR Research/Market Commentary