Free Trial

Continues to hug its technically......>

EURO-STERLING
MNI (London)
EURO-STERLING: Continues to hug its technically key 10-dma, currently coming
through at Gbp0.8733, as rate settles back within its 1.0% 10-dma envelope.
Usually when rate holds below its 10-dma, current level Gbp0.8724, it is seen
providing a short term bearish tone on the rate and exposes the base of the 1.0%
envelope, which currently comes through at Gbp0.8646. However, with divergence
away from the 10-dma holding a tight range it is difficult to get too excited,
this week's ECB likely to provide the driving force to get a clearer picture for
direction. 
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.