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Corrective pullback from its Aug12....>

MNI (London)
EURO-STERLING: Corrective pullback from its Aug12 high of Gbp0.9324 extended to
Gbp0.9229 Wednesday with trade Thursday so far contained by Gbp0.9232-51. Move
lower sees rate break back within its 1.0% 10-dma envelope, currently trading
close to its 10-dma at Gbp0.9234. If this area contains the base it could allow
for another upside assault. A break and clear belowe would bring the base of the
1.0% envelope back into view, currently at Gbp0.9142. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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