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USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

Corrective pullback from its early....>

EURO-STERLING
MNI (London)
EURO-STERLING: Corrective pullback from its early Asian high Monday of Gbp0.8997
extended to Gbp0.8935 before it jumped back to Gbp0.8980 on general EUR demand
sparked by hawkish comments from ECB Draghi on inflation outlook. Rate then
drifted lower through the NY afternoon to Gbp0.8954. Trade in Asia was confined
to a relatively tight range of Gbp0.8951/64, the cross into Europe favouring the
topside of that range. Topside of the 10-dma 1.0% envelope today has edged up to
Gbp0.9004. Support seen back at Monday's low of Gbp0.8935 ahead of the 10-dma at
Gbp0.8915. Brexit remains a key driver in this cross. BOE Vlieghe due to speak
this morning. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com