Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 04 - 09:55 PM

GBP/USD - Hemmed Between Higher Yields And The Dour Outlook

By Andrew M Spencer  —  Aug 04 - 08:15 PM

  • Steady, closed +0.1% in a choppy offshore session in response to the BoE

  • A 50pt hike, with a dour economic outlook from BoE contained nL8N2ZG4J4

  • Liz Truss, likely next UK PM to outline economic plans today nL8N2ZG7IR

  • Truss is talking to the 200k conservative party voters, so policy may change

  • Charts - daily momentum studies conflict - 10 & 21 DMAs head higher

  • 21 day Bollinger bands expand - on balance the bias remains higher

  • 1.2320, 61.8% of the May-July fall is initial significant resistance

  • Close below 1.2039 21 day moving average needed to end topside bias

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!