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Cross made a show outside of its......>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross made a show outside of its 1.0% 10-dma envelope(base
Gbp0.8754) in opening Asian dealing Monday as it reacted to positive Brexit
headlines in the weekend press. Rate recovered quickly on No.10 denial and
Brexit Secretary Raab comments on the Ireland border back stop to Gbp0.8772.
Comments from EU diplomats that the financial services agreement just about
settled acted to provide a fresh boost for sterling and eased it back to the
Gbp0.8754 area. As has been seen in recent trading the rate does not like to
trade outside of this 1.0% 10-dma envelope for too long. Support see at
Gbp0.8743 ahead of the Oct10 low of Gbp0.8723. Resistance Gbp0.8772 ahead of
Gbp0.8800. 
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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