Free Trial

EUR/GBP also seen reflecting the......>

EURO-STERLING
MNI (London)
EURO-STERLING: EUR/GBP also seen reflecting the current pressure on the pound,
the bounce away from the base of its 1.0% 10-dma envelope taking it through the
10-dma (current Gbp0.8982) and making a show above Gbp0.9000 in Asia. Some
resistance in the cross seen to Gbp0.9010, a break to expose the recent high of
Gbp0.9051, as well as bringing the topside of the envelope, currently at
Gbp0.9072. Support Gbp0.8970 ahead of Gbp0.8950. 
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.