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Brexit deal optimism provided a.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Brexit deal optimism provided a general boost for sterling
Friday, allowed the cross to ease to an extended low of Gbp0.8856, the move
taking it below the base of the rate's 1.0% 10-dma envelope. With time the rate
has edged back within the envelope Monday, the base of which comes through at
Gbp0.8865, as rate moves up from its early low of Gbp0.8856 to Gbp0.8891
(currently around Gbp0.8884). Move seen as long sterling positions get pared
ahead of PM Johnson's meeting with EU leaders today. Any signs that a deal can
be done before the Brexit date of Oct31 will provide an added boost for
sterling, failure will press back on the pound. 
- Support Gbp0.8865/55. Resistance Gbp0.8890/0.8900, with 10-dma currently at
Gbp0.8944. 
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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