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Tuesday's rejection away from the.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Tuesday's rejection away from the topside of the 1.0% 10-dma
envelope (from Gbp0.9145) saw the cross break back below its 10-dma (Gbp0.9054)
to Gbp0.9016, the move exposing the base of the 1.0% envelope at Gbp0.8964 into
view. Expect some interim support to emerge into Gbp0.9000. Whilst rate can hold
below the 10-dma seen keeping the underlying tone 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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