Free Trial

Post Christmas trade finds EUR/GBP....>

EURO-STERLING
MNI (London)
EURO-STERLING: Post Christmas trade finds EUR/GBP back within its 1.0% 10-dma
envelope, the rate having probed above the topside leading into the holidays.
Rate currently trades around Gbp0.8542, off its Dec23 high of Gbp0.8592. Rate
did manage to ease back to Gbp0.8520 in Thursday's thin trade, holding above its
10-dma at Gbp0.8490. The 10-dma by time has edged up to Gbp0.8499, with the
topside of the 1.0% envelope currently coming through at Gbp0.8583. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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.