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Probes below support at Gbp0.8830,....>

MNI (London)
EURO-STERLING: Probes below support at Gbp0.8830, touched Gbp0.8828 before
nudging back above. Next support now seen at the 10-dma which has now with time
eased to Gbp0.8819. Having recently rallied to a high of Gbp0.8890 into last
week's month-end, and touched the topside of the 1.0% envelope(drawn around the
10-dma), reaction at the 10-dma should provide the next directional impetus.  
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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