Free Trial

Continues to hold above its key.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Continues to hold above its key technical 10-dma (current
Gbp0.9059) which is seen keeping the recent underlying buoyant tone in place.
Cable recovery events seen trailing stronger rallies by EUR/USD, with moves in
both seen driven by momentum account USD sales. The cross edged to a high of
Gbp0.9124 before it settled back between Gbp0.9090-0.9120. Resistance now seen
between Gbp0.9120/25 ahead of Wednesday's high of Gbp0.9137, with the top of the
1.0% 10-dma envelope currently coming through at Gbp0.9150. Flash EZ and UK
PMI's due Friday and could provide an influence.  
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.