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Rate holding around its 10-dma,.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Rate holding around its 10-dma, currently coming through at
Gbp0.8800, with more attention set on USD plays after the 10-Yr UST yield edged
above 3.0% into the European open. Support seen at the earlier Asian low of
Gbp0.8793, with Friday's low of Gbp0.8789, and the Cloud base at Gbp0.8783,
close behind. The base of the 1.0% envelope currently at Gbp0.8712. UK
Employment Report at 0830GMT. Key focus on Earnings, any miss likely to place
further pressure on the pound as this would likely dent outlook for a UK rate
hike before end 2018. Topside 1.0% envelope currently at Gbp0.8888. 
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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