Free Trial

EURGBP continues its series of........>

EURO-STERLING
EURO-STERLING: EURGBP continues its series of higher lows to Gbp0.8987 and holds
firm at typing. This brings the Jun 28 high back into view at Gbp0.8992, ahead
of the psychological Gbp0.90 level. A break above here would be the first time
since Jan 11 and would likely accelerate the move toward the 3% upper Bollinger
band at Gbp0.9020. 
- The cross charted a bullish engulfing candle yesterday. Technical studies also
remain in bullish territory suggesting a resumption of the uptrend.
- Seasonality factors could also come into play which has seen EURGBP register
gains in July for the last three years straight. Currently +0.31%. 

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.