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
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Source:
Refinitiv IFR Research/Market Commentary