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Rejection away from its challenge.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Rejection away from its challenge on the Gbp0.8525 level (10-dma
and falling resistance drawn off Oct10 high) sees rate ease back to Gbp0.8506,
in turn relieving pressure on cable which has recovered off its pullback low of
$1.3083 to $1.3115. Whilst EUR/GBP can hold below its 10-dma seen keeping
sterling buoyant, a break to add further pressure. 
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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