Free Trial

Rate met decent headwind resistance...>

EURO-STERLING
MNI (London)
EURO-STERLING: Rate met decent headwind resistance around the Gbp0.8860 level,
after recovering sharply off the early Europe low of Gbp0.88385. Failure to push
on sees rate pressed back to Gbp0.8840, with that earlier low moving within
touching distance. If rate can clear below the Gbp0.8840/38 area seen exposing
next support area between Gbp0.8812/10. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

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.