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Back through Gbp0.8775 with cable.....>

MNI (London)
EURO-STERLING: Back through Gbp0.8775 with cable breaking through Monday's base
of $1.3432 to $1.3412. Cross extends recovery off earlier lows of Gbp0.87545 to
Gbp0.8786 with rate holding just off those traded highs at writing. Cable
support seen between $1.3410/00 ($1.3406 Sep14 high). Break of $1.3400 to open
potential for a move down to $1.3350/20. For the cross resistance now seen
between Gbp0.8795/0.8805. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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