By Andrew M Spencer — Oct 30 - 08:35 PM
-0.05% after closing off 0.4% with the USD down 0.15%, EUR/GBP +0.75%
UK Fin Min Reeves raises taxes by most since 1993 in her first budget
10yr gilt closed up 4bp to 4.351% on TWEB - 10yr UST +2bp 4.292% on TWEB
EUR/GBP fell on broad EUR strength - UK market volatile, but no panic
Charts - horizontal daily momentum studies, 21-day Bollinger bands contract
5, 10 & 21-day moving averages slip - signals show no significant bias
Yesterday's 1.2936 low then the 1.2908 Oct base are initial supports
Wednesday's 1.3043 high then the 1.3058 top last week are first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary