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Recovery off Thursday low of..........>

EURO-STERLING
MNI (London)
EURO-STERLING: Recovery off Thursday low of Gbp0.8816 extended in Asia to
Gbp0.8857 only to meet decent sell interest into early Europe which has pressed
it back to Gbp0.8838, and toward its seemingly attractive 200-dma which again
today comes in at Gbp0.8835. Resistance remains at Gbp0.8856/57 ahead of
Gbp0.8876/82 with the topside of the 1.0% 10-dma envelope coming through at
Gbp0.8900. Base of the envelope at Gbp0.8723. 
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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