Free Trial

The break back above Gbp0.8900........>

EURO-STERLING
EURO-STERLING: The break back above Gbp0.8900 triggered renewed demand from
momentum-type accounts to multi-month highs of Gbp0.8904, before fading. Despite
this, pullbacks have so far remained shallow and keeps the recent uptrend
intact. Next resistance is seen at Gbp0.8932/45 from the Upper Bollinger band
(2%) & upper 1.0% 10-dma envelope, above here opens the 76.4% retracement of the
Jan-Mar fall at Gbp0.8958. 
- UK data includes GDP, Mfg/IP and Trade at 0830GMT.
- BOE Haldane speaks at 0930GMT, BOE Saunders at 1700GMT.

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.