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  • EURGBP regains ground after a shallow correction but 200DMA remains key obstacle
  • GBPUSD – two-day recovery faces headwinds from falling 10DMA
  • WTI oil is consolidating under new 2023 high, on track for a quarterly gains of nearly 30%
  • AUDUSD – recovery accelerates on month / quarter end profit taking
  • Gold is trading at six-month low after losing 3% in past four sessions
  • Dollar index – partial profit-taking seen as positioning for fresh advance
  • EURGBP lost ground after multiple rejection under key 200DMA barrier
  • USDJPY -psychological 150 barrier under increased pressure
  • EURUSD – further weakness expected after limited consolidation
  • Gold extends steep fall below $1900

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UK Services PMI

Economy

Performance of Britain’s services sector in January was the weakest in two years – PMI

Slobodan Drvenica Feb 3, 2023
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Technical Outlook

Sterling falls to new multi-year low after disappointing data further soured the sentiment

Slobodan Drvenica Sep 23, 2022
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Technical Outlook

Activity in UK manufacturing sector slows sharply in August, adding to recession fears

Slobodan Drvenica Aug 23, 2022
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Economy

UK businesses slow further in May as surging inflation bites – PMI

Slobodan Drvenica Jun 7, 2022
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Economy

Weak Britain’s PMI figures signal a sharp slowdown in activity and warn of recession

Slobodan Drvenica May 24, 2022
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Economy

Mild recovery in December and new lockdown warn that Britain’s economy heads towards recession

Slobodan Drvenica Jan 6, 2021
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Lastest Posts
  • EURGBP regains ground after a shallow correction but 200DMA remains key obstacle
  • GBPUSD – two-day recovery faces headwinds from falling 10DMA
  • WTI oil is consolidating under new 2023 high, on track for a quarterly gains of nearly 30%
  • AUDUSD – recovery accelerates on month / quarter end profit taking
  • Gold is trading at six-month low after losing 3% in past four sessions

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