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Sterling Gains as EUR Seen Under Pressure

EURO-STERLING
MNI (London)

Sterling strength allows EUR/GBP to extend its move lower, touching Gbp0.9028, though so far holding off next support area between Gbp0.9025/20. A break here to expose Gbp0.9000, with the base of the 1.0% 10-dma envelope coming in close behind at Gbp0.8994. EUR looking soft across the board, though move also aided as cable extends its recovery to $1.3083.

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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