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Free AccessRate confirms the break lower,........>
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.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.