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EUR/USD feeling the weight of.........>

EURO-STERLING
MNI (London)
EURO-STERLING: EUR/USD feeling the weight of month-end USD demand over cable
seen allowing EUR/GBP to hold below its key 10-dma, currently coming through at
Gbp0.9084. While rate can hold below this latter level seen keeping the base of
the 1.0% 10-dma envelope in view (current Gbp0.8993). Interim support noted at
Gbp0.9051/45 ahead of Gbp0.9016. 
- Month-end and no reports so far of European sovereign demand. Break of
Gbp0.9084 to expose Gbp0.9123.  
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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