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Retains a negative tone whilst rate...>

EURO-STERLING
MNI (London)
EURO-STERLING: Retains a negative tone whilst rate remains below its 10-dma,
currently coming through at Gbp0.8914, the rate having made a brief show below
the base of its 1.0% 10-dma envelope Wednesday (low Gbp0.8820-1.0% base 0.8824)
but closed back above, as well as closing back above its 200-dma Gbp0.8840.
Recovery off that mentioned low has extended to Gbp0.8863 in early Europe,
currently around Gbp0.8858. Interim resistance seen at Gbp0.8880 ahead of the
10-dma. Support Gbp0.8820, the 1.0% envelope base currently at Gbp0.8816. 
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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