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Breaks out of its earlier narrow......>

EURO-STERLING
MNI (London)
EURO-STERLING: Breaks out of its earlier narrow Asian range of Gbp0.9230-0.92335
range, the rate easing to Gbp0.9227 as Eur/Jpy sales seen weighing on the single
currency generally. Many times the first Eur/Gbp move in Europe proves to be the
'wrong one' with rate still holding close to its Tuesday high of Gbp0.92365.
Bank reports continue to suggest euro strength going forward, even if ECB Draghi
disappoints at Jackson Hole Friday with no hint toward a taper. Next resistance
in Eur/Gbp seen now betwene Gbp0.9250/60. Support back at Gbp0.9190. 
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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