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As highlighted Wednesday the move.....>

EURO-STERLING
MNI (London)
EURO-STERLING: As highlighted Wednesday the move outside of the 1.0% envelope,
drawn around the 10-dma, didn't last long as rate eased back from Gbp0.8968
(1.0% envelope Mar7 Gbp0.8959) to a NY low of Gbp0.8919, with Asia extending
move to Gbp0.8917. Early Europe pressure on sterling has seen the cross edge
back to Gbp0.8930, holding just off the earlier Asian high of Gbp0.8934. The
1.0% envelope today comes in at Wednesday's high of Gbp0.8968. Support Gbp0.8917
ahead of Gbp0.8906/0.8896. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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