Sterling Falls Below Key Level Against The Euro


	Sterling Falls Below Key Level Against The Euro

ryder99

8-25-2009 8:41 AM

71 views

tags:

currency market updates

ryder99 says:

The pound is slipping again against the euro and the US dollar. Are we heading for the 1.11 mark? The pound also receded against the Australian dollar a touch while the Canadian dollar strengthened.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from August 25, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b40e6f70-66a9-430a-987e-701c29fce39e/6D45EEEF-7FC1-4E11-9E97-9F034003CD5E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://currencymarketupdates.com/" href="http://currencymarketupdates.com/" style="font-size: 11px;">currencymarketupdates.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><H2><A rel="bookmark" href="http://currencymarketupdates.com/currency-market-updates-2">Currency Market Updates</A></H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><H3>Sterling Falls Below Key Level Against The Euro</H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
25, August 2009</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
Yesterday sterling was on the back foot against <A  href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_GBPUSD" rel="nofollow"><STRONG><SPAN>the USD</SPAN></STRONG></A> and <A  href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_GBPUSD" rel="nofollow"><STRONG><SPAN>the EUR.</SPAN></STRONG></A> In particular the move lower against the euro is important. Although the drop was not significant in size, the fact that we have now breached two key support levels could open the door for a further move lower. The key levels breached were 1.1494 and 1.1467. The pound needs to find some resilience quickly or we could see further drops towards 1.11.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/currencymarketupdates.com/img/C477BDD1-200D-409B-A869-601BA5F8B913" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
The big gainer yesterday was <A  href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_GBPCAD" rel="nofollow"><STRONG><SPAN>the CAD</SPAN></STRONG></A> which strengthened on the good performance of Oil but also due to retail sales data coming in at a fantastic 1%, well ahead of forecasts. <A  href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_AUDUSD" rel="nofollow"><STRONG><SPAN>The AUD</SPAN></STRONG></A> retreated a little against <A  href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_USDAUD" rel="nofollow"><STRONG><SPAN>the USD</SPAN></STRONG></A> but pushed to even higher levels against <A  href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_AUDGPB" rel="nofollow"><STRONG><SPAN>the pound.</SPAN></STRONG></A>the pound. We currently sit at 1.9530. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
<B>Report by Phil McHugh.</B></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
<A  href="http://www.currenciesdirect.com/?Ref=2041" rel="nofollow"><STRONG><EM><SPAN>Contact Currencies Direct for Corporate or Private Transactions. Open an account today and save money.</SPAN></EM></STRONG></A></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/currencymarketupdates.com/img/D7416CA1-BF8E-4D60-B4D6-01A1F4096C95" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6D45EEEF-7FC1-4E11-9E97-9F034003CD5E/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips