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EURO-STERLING: Continued GBP buoyancy has seen the cross ease to Gbp0.8729 and
look to test support from earlier lows (Gbp0.8723). Expect demand ahead of
Gbp0.8700, a break opens a move toward the YTD low of Gbp0.8687 (Jan25). Also
highlighted yesterday was that Eur/Gbp has closed lower for 10 consecutive days
(London close) for the first time in the history of the Euro, at current levels
soon to be 11.