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Sterling strength in early Europe.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Sterling strength in early Europe allows the cross to mark a
fresh 6-month low of Gbp0.8542 (May10 low Gbp0.8490), with rate holding heavy at
writing. Rate continues to track lower within the lower half of its 10-dma
envelope, the base currently at Gbp0.8497, 10-dma Gbp0.8583. Whilst rate holds
below its 10-dma seen keeping outlook bearish.  
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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