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Cable's weaker risk-off driven........>

MNI (London)
EURO-STERLING: Cable's weaker risk-off driven recovery in Asia overnight, lagged
behind EUR/USD's move, allowed EUR/GBP to push to an extended high of Gbp0.9250
before momentum faded. Cross eased back in line with EUR/USD before it settled
within a basic Gbp0.9210/20 area. 
- Support into Gbp0.9200, Gbp0.9188(38.2% Gbp0.9089-0.9250), Gbp0.9170(50%),
- Resistance Gbp0.9250/52(Intraday high/1.618% swing Gbp0.9190-0.9089), topside
2.0% 10-dma envelope Gbp0.9282. 
MNI London Bureau | +44 203-586-2231 |
MNI London Bureau | +44 203-586-2231 |

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