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Made a brief show under Gbp0.7780.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Made a brief show under Gbp0.7780 in early Europe, touched
Gbp0.7779 before getting rejected ahead of Friday's low of Gbp0.8775. Rate has
bounced back to Gbp0.8796, currently around Gbp0.8793 with move seen pressing
back on cable. Cable had extended recent highs to $1.3618 but now seen pressing
back toward its early Asian low of $1.3560. Support seen placed between
$1.3560/50 with stops below. 
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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