Free Trial

Corrective pullback from its Aug12....>

EURO-STERLING
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 | 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.