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Rate confirms the break lower,........>

EURO-STERLING
EURO-STERLING: Rate confirms the break lower, touching the lowest levels since
Jan29 as further GBP support stems from the GBP/USD break (and hold) above the
200-dma at $1.30. Gbp0.8670 becomes the first target for bears, marking the
76.4% Fib retracement level for the Gbp0.8618-0.8840 move. Any fall through here
would open the year's lows at Gbp0.8618, which marked the lowest EUR/GBP rate
since June 2017. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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