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Rate edged back inside its 1.0%.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Rate edged back inside its 1.0% 10-dma envelope Monday, as it
broke above Gbp0.8328 to Gbp0.8335, with rate extending this recovery to
Gbp0.8340 into early Europe. By time the base of the 1.0% 10-dma envelope ahs
eased to Gbp0.8314. While rate can hold above this line it will expose the
10-dma, currently at Gbp0.8398, with interim resistance noted between
Gbp0.8340/50 and at Gbp0.8380. However, while rate holds below the 10-dma it
keeps the underlying tone bearish. 
- UK Employment Report at 0930GMT. Germany ZEW at 1000GMT. 
- Brexit trade negotiation comments back in focus.  
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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