By Andrew M Spencer — Nov 11 - 10:00 PM
Off 0.15% at the base of a quiet 1.2849-1.2873 range on LSEG FX Matching
Employment leads today's UK data, a major factor in the BoE's rate outlook
BoE Chief Economist Huw Pill speaks - unlikely to contradict Friday's view
Charts - daily momentum studies slip, 21-day Bollinger bands gently ease
5, 10 & 21-day moving averages edge lower - daily signals are negative
Bearish setup suggests further losses - on USD strength not GBP weakness
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
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary