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Sep 05 - 09:55 PM

GBP/USD - Resilient Into US Jobs, UK Gov't Faces Tough Choices

By Andrew M Spencer  —  Sep 05 - 08:25 PM
  • Flat early after closing after closing off 0.2% with the US dollar up 0.2%

  • There is no tier on UK data of BoE events so the USD and risk to lead GBP

  • Britain needs extra $1.3 trillion investment for economic growth - report

  • After years of UK under-investment, the Starmer gov't faces tough decisions

  • Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA slips

  • 21-day Bolli bands contract as momentum studies flat line - uptrend holds

  • Last Friday's 1.3200 top and last week's 1.3269 high are first resistance

  • A close below 1.3038, 38.2% April/August rise would end the topside bias

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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