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FX Reserves Decrease To $3.07tr In June

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MNI (London)
EURO-STERLING: Continues to hold above its key technical 10-dma (current
Gbp0.9019) which is seen keeping the underlying tone buoyant, though rate holds
off another move outside the 1.0% 10-dma envelope, the topside currently at
Gbp0.Gbp0.9109. A break below the 10-dma to negate current bullish tone and turn
attention back toward the 1.0% 10-dma envelope base at Gbp0.8929, with interim
support noted at Wednesday's low of Gbp0.9044. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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