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Cross made a show above Gbp0.9000,....>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross made a show above Gbp0.9000, touched Gbp0.9019 but reversed
sharply lower following positive Brexit deal comments made after the UK
Johnson-Ireland Vradkar meeting Thursday (no details given). Rate dropped back
through its 10-dma at Gbp0.8909 to a low of Gbp0.8831, holding shy of its 1.0%
10-dma envelope base at Gbp0.8820. Brexit deal optimism continues into Friday
trade with the cross able to consolidate between Gbp0.8836-60, currently around
Gbp0.8850. Focus now switches to today's meeting between UK Brexit Secretary
Barclay and EU Chief negotiator Barnier, with market hoping at least for further
positive comment, though preferring some details. 
- Support Gbp0.8831 ahead of base of the 1.0% 10-dma, which by time has eased to
Gbp0.8815. Resistance at the 10-dma at Gbp0.8904.  
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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