Free Trial

Sterling remains under the cosh,......>

EURO-STERLING
MNI (London)
EURO-STERLING: Sterling remains under the cosh, and with EUR/USD being attracted
toward its $1.0945/50 area due to option interest, is seen keeping the upside
pressure on EUR/GBP. Cross has extended recovery to Gbp0.9148. The move back
above its 10-dma (currently at Gbp0.9078) has exposed the topside of its 1.0%
10-dma envelope, which by time has nudged up to Gbp0.9169.  
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.