Free Trial

Breaks Support at Gbp0.8881

EURGBP
MNI (London)
  • Breaks below the Jan18 low of Gbp0.8881 and seen exposing the stronger support area between Gbp0.8866/61(Jan15 YTD low/Nov11 low).
  • Move takes advantage of the general pressure on the EUR, whilst GBP retains a buoyant tone above a broken key resistance level of $1.3665.
  • A break of Gbp0.8860 to bring into play the base of the 1.0% 10-dma envelope, currently coming through at Gbp0.8841.
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.