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Move up to Gbp0.8968 sees rate move...>

EURO-STERLING
MNI (London)
EURO-STERLING: Move up to Gbp0.8968 sees rate move outside of its 1.0% envelope,
drawn around the 10-dma which at the moment comes in at Gbp0.8963. Though not a
resistance level as such the rate tends not to like being outside for too long,
often correcting back toward the 10-dma(Gbp0.8874) then toward the other 1.0%
parameter(Gbp0.8785 today). Rate currently trades around Gbp0.8963. 
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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