Free Trial

Sterling boosted Thursday by..........>

EURO-STERLING
MNI (London)
EURO-STERLING: Sterling boosted Thursday by reported Brexit comments and hawkish
BOE comments(Brexit dependent) and dropped EUR/GBP to Gbp0.8757, as it continued
its pullback from recent highs of Gbp0.8939. Move allowed rate to make a brief
show outside of its 1.0% 10-dma envelope, at the time Gbp0.8766, though this has
moved down to Gbp0.8763 by time today as rate has edged back to Gbp0.8791.
Resistance seen into Gbp0.8800(23.6% Gbp0.8939-0.8757), a break to open a move
toward GBp0.8827/32. Support Gbp0.8767/57. Rate currently trades around
Gbp0.8777. 
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.