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Cross back inside its technically.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross back inside its technically relevant 1.0% 10-dma envelope,
having spent time since Monday outside as sterling suffered on Brexit
concerns/confidence in PM May. Rate traded in Asia within a range of
Gbp0.8990-0.9014, below the topside of the 1.0% envelope which currently comes
through at Gbp0.9037, and below Monday's high of Gbp0.9088. All focus on PM May
and she travels to Brussels today, seeking concessions on the Irish border back
stop which if successful could influence members of her own party to support the
negotiated deal, as well as others in opposition parties. 
- 1.0% 10-dma base Gbp0.0.8858, 10-dma Gbp0.8948, top Gbp0.9037.
- Support Gbp0.8990, Gbp0.8973-69. Resistance Gbp0.9014/24, Gbp0.9037.  
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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