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Break back above its 10-dma Friday,...>

EURO-STERLING
MNI (London)
EURO-STERLING: Break back above its 10-dma Friday, and holding just above into
Monday trade (10-dma Gbp0.8523) seen relieving the recent positive tone in
sterling, though rate hasn't been able to significantly build on this move. If
it can build seen exposing the top of its 1.0% 10-dma, currently at Gbp0.8608,
with interim resistance noted between Gbp0.8582/92. A break back below the
10-dma to open a deeper move toward Gbp0.8500/0.8490 ahead of Gbp0.8460/50 and
the 1.0% envelope base at Gbp0.8437. 
- UK Services/Composite PMI data due at 0930GMT.
- UK Parliament returns Tuesday and will discuss the Brexit Bill, with its
clause that prevents an extension period after Dec2020. PM Johnson meets with EU
Commission President Ursula von der Leyen, expected to discuss arrangements for
post-Brexit talks.   
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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