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Despite cable's corrective pullback, off Tuesday's high of $1.3482, the move has trailed behind EUR/USD's deeper pullback which in turn has allowed EUR/GBP to press lower. The cross move has been held within a band supported by the base of its 1.0% 10-dma (currently coming through at Gbp0.8855), with resistance provided by the 10-dma, currently at Gbp0.8944. Whilst rate holds below its 10-dma seen keeping the recent bearish tone in place. Rate usually respects the 1.0% envelope bands, often getting repulsed away, though with the occasional move outside.