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Cross has managed to hold above its...>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross has managed to hold above its key technical 10-dma (current
Gbp0.8936) through the day, which has kept the underlying buoyant tone in place.
With sterling coming under pressure into late Friday/pre weekend trade it has
allowed rate to nudge toward the Gbp0.9000 level(high Gbp0.8994). A break above
the figure to expose Thursday's high of Gbp0.9015 ahead of the topside of its
1.0% 10-dma envelope currently at Gbp0.9025. 
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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