Free Trial

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

EURO-STERLING
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 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.