By Andrew M Spencer — Nov 11 - 06:55 PM
-0.05% after closing down 0.45% with the U.S. dollar up 0.5%, EUR/GBP -0.2%
UK employment data will be closely watched by markets and the BoE
BoE Chief Economist Huw Pill to speak in London, likely as per Friday's view
Charts - daily momentum studies slip, 21-day Bollinger bands gently ease
5, 10 & 21-day moving averages edge lower - signals are negative
Last week's 1.2835 base, then 1.2732 0.618% Apr/Sep rise initial supports
Monday's 1.2925 top then Last week's 1.3046 high are first resistance
Sterling trades above the recent range base, which looks vulnerable
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary