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Sharp cable move higher in early......>

EURO-STERLING
MNI (London)
EURO-STERLING: Sharp cable move higher in early Europe, as rate extended its
recovery through Monday high of $1.2949, sees EUR/GBP ease back around its key
10-dma, currently coming through at Gbp0.8552.Cross was driven to a high of
Gbp0.8574 Monday into the 1600GMT fix before it closed around Gbp0.8560.
Resistance remains at Gbp0.8575, a break to expose Gbp0.8600 ahead of the
topside of the 1.0% 10-dma envelope which currently comes through at Gbp0.8637.
Support seen back at Gbp0.8515/00.  
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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