Free Trial

Edges back to Gbp0.8800 but seen......>

EURO-STERLING
MNI (London)
EURO-STERLING: Edges back to Gbp0.8800 but seen meeting willing sellers. Move
saw cable extend its corrective pullback, off earlier Asian high of $1.3480 to
$1.3443, currently trades around $1.3450. Move sees the cross back above its
200-dma at Gbp0.8795, traders will watch for tonight's close. If rate can clear
back above Gbp0.8800 seen exposing the earlier recovery high of Gbp0.8821. 
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.