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Rate continues to respect its 1.0%....>

EURO-STERLING
MNI (London)
EURO-STERLING: Rate continues to respect its 1.0% envelope, drawn around the
10-dma. Today the envelope topside comes in at Gbp0.8892, base Gbp0.8716 with
the 10-dma currently at Gbp0.8804. Rate tends to lose momentum on approach to
either side of the envelope, often prompting a reversal. Rate currently trades
around Gbp0.8826, retesting Friday's recovery high, off an intraday low of
Gbp0.8789. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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