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Having eased below its key............>

EURO-STERLING
MNI (London)
EURO-STERLING: Having eased below its key technical 10-dma at Gbp0.9027 earlier
in the day, meeting support at Gbp0.9000, the rate has now edged back around
that moving average. If rate can hold below at the close it will negate the
recent underlying buoyant tone, though now needs a break below Gbp0.9000 to
confirm. A break back above to reinstate the bullish feel. EUR/USD currently
leading the pressure on the USD but meeting stiff resistance at its YTD high of
$1.1495, whilst cable eases off its intraday high of $1.2752, currently around
$1.2732. 
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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