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Extends recovery through Monday's.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Extends recovery through Monday's high of Gbp0.8862 to Gbp0.88775
as cable continues to lag behind Eur/Usd's stronger rally. BOE Carney applied
partial brakes on market euphoria for UK rate hikes, cable's recovery off Monday
lows of $1.3465 faltered above $1.3550 in early Europe as the cross tagged onto
Eur/Usd's push above $1.2000. Cross has met resistance in the Gbp0.8876/78 area
(76.4% stg0.8907-0.8775/Hourly base Sep14), a break to open a move on toward
Gbp0.8900/10. 
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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