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Sterling under pressure in early Europe as....>

CABLE
MNI (London)
CABLE: Sterling under pressure in early Europe as Eur/Gbp pushes back above its
recent Gbp0.8775 pivot (Asia high) to Gbp0.87845, and with a generally firmer
Usd (UST yields higher) sees cable press below $1.3400 to $1.3395 at writing.
Next support seen at $1.3382(Sep15 low/1.618% swing $1.3432-1.3514). Eur/Gbp
resistance close by at Tuesday's recovery high of Gbp0.8786(off Gbp0.87545),
break here to open a move toward Gbp0.8800. 
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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