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Rate again met stiff resistance on....>

MNI (London)
EURO-STERLING: Rate again met stiff resistance on the approach to Gbp0.9250
Thursday, the rate touching Gbp0.9248, just shy of Monday's recorded YTD high of
Gbp0.9249. Corrective pullback to Gbp0.9222 into the close with Asia extending
move to Gbp0.9208. Rate currently trades around Gbp0.9215. 
- Rate currently back within its 1.0% 10-dma envelope, topside Gbp0.9246. The
10-dma has by time moved up to Gbp0.9155. Topside of the 2.0% envelope, which
has capped recent rallies currently comes through at Gbp0.9337. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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