Free Trial

EUR-USD recovery outpacing cable......>

EURO-STERLING
MNI (London)
EURO-STERLING: EUR-USD recovery outpacing cable allows EUR/GBP to hold toward
Gbp0.9000, though cross continues to meet resistance here. However, pressure
remains a break suggested to prompt some stronger buying though expect some
resistance now to come in higher up around Gbp0.9014(top of the 1.0% 10-dma
envelope). Break of this level exposes the topside of the 2.0% envelope at
Gbp0.9103, with interim resistance noted between Gbp0.9025/35. Support
Gbp0.8980. 
- Focus on UK IP and monthly GDP at 0830GMT though Brexit continues to
overshadow.
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.