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Continues to slowly grind lower, as...>

EURO-STERLING
MNI (London)
EURO-STERLING: Continues to slowly grind lower, as rate extends pullback away
from Gbp0.89665. Rate breaks under its earlier Asian base of Gbp0.8945 to
Gbp0.8935. Move seen as the Eur pares earlier gains, Eur/Usd trading around
$1.1925, off its recently posted high of $1.1957. Cross move lower therefore
helps to keep cable buoyed, currently around $1.3347, off its recently posted
high of $1.3352.  
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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