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Cross finding support around its......>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross finding support around its 10-dma, currently coming through
at Gbp0.8627, as early downside pressure presses it back to Gbp0.8630. Whilst
rate can hold above the 10-dma seen exposing the topside of the 1.0% 10-dma
envelope, currently at Gbp0.8714, with interim resistance noted at Gbp0.8650/55
and Gbp0.8670/75. A break and close below Gbp0.the 10-dma to expose the base of
the 1.0% envelope at Gbp0.8541. 
- Focus today on EU granting an extension/flextension and PM Johnson's attempt
to call a snap General Election for DEc12 (expected to be rejected). 
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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