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Research
gbp/usd Technicals
Friday, 09 May 2008 14:21:16 GMT
By Jamie Saettele, Technical Currency Analyst
gbp/usd Fundamentals
Friday, 09 May 2008 21:52:59 GMT
By Kathy Lien, Chief Strategist
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British Pound (GBP)
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Current Time -
London: 2:31 AM
| EST: 9:31 PM
| GMT: 1:31 AM
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| SENTIMENT AND POSITIONING |
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SSI Positioning
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COT Positioning
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| FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES |
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Most Recent Economic Releases |
Forecast |
Previous |
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GBP Purchasing Manager Index Services (APR) |
51.7 |
52.1 |
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GBP Official Reserves (Changes) (APR) |
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$45.0M |
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GBP Nationwide Consumer Confidence (APR) |
74.0 |
77.0 |
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GBP Industrial Production (MoM) (MAR) |
-0.1% |
0.3% |
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GBP Industrial Production (YoY) (MAR) |
0.8% |
1.2%(R-) |
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GBP Manufacturing Production (MoM) (MAR) |
0.0% |
0.4% |
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GBP Manufacturing Production (YoY) (MAR) |
1.2% |
1.9% |
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GBP BRC Shop Price Index (APR) |
0.2% |
0.2% |
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Technicals - Support and Resistance for GBP |
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Support and Resistance Levels |
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Interest Rate Outlook |
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Key Levels |
Strength |
Comments |
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Timeframe |
Target |
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R4 |
2.0460 |
High |
61.8% Fibo 2.1158-1.9343 |
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Benchmark |
5.00 |
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R3 |
2.0397 |
High |
3/14 High |
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R2 |
2.0084 |
High |
200 Day - SMA |
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1 Week |
5.118 |
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R1 |
2.0024 |
Medium |
38.2% Fibo 2.1158-1.9343 |
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1 Month |
5.456 |
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S1 |
1.9600 |
High |
Bollinger Band Support |
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3 Month |
5.815 |
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S2 |
1.9400 |
Medium |
Psychological Support |
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6 Month |
5.819 |
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S3 |
1.9300 |
Weak |
Psychological Support |
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9 Month |
5.816 |
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S4 |
1.9203 |
High |
50.0% Fibo 1.7231-2.1196 |
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1 Year |
5.806 |
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| FROM THE CENTRAL BANK |
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Central Bank: |
Bank of England |
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Current Bias: |
Dovish |
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Current Interest Rate: |
5.00% |
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Last Change: |
04/10/2008 cut 25bp |
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Next Meeting: |
05/08/2008 More Dates |
Latest Bank of England Interest Rate Outlook |
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Central Bank Governor: Mervyn King
Current Voting Members: Kate Barker, Charles Bean, Tim Besley, Prof. David Blanchflower, Andrew Sentance, Paul Tucker |
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