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Cross has moved back within its.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross has moved back within its 1.0% 10-dma envelope, which
currently comes through at Gbp0.8672, with rate having seen a recovery high of
Gbp0.8695 earlier today, off Friday's low of Gbp0.8618. Rate currently trades
around Gbp0.8686 as it consolidates above Gbp0.8680 into the close. EUR/GBP
tends not to stay too long outside of this 1.0% envelope, though if it does will
hold within its 2.0% line. Resistance now seen at Gbp0.8695/0.8700.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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