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Cross managed to edge to a high.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross managed to edge to a high Friday of Gbp0.8958 before
meeting headwind resistance ahead of the mentioned 1.0% 10-dma envelope, which
came in at Gbp0.8965. Rate reversed tack, eventually marking a low of Gbp0.8920
ahead of the week's close. Rate marked an early high of Gbp0.8947 in thin
opening trade Monday before it settled for most of the session between
Gbp0.8926-37. Rate has remained under mild sell pressure into Europe as rate
extends base to Gbp0.8925. Support seen at that Friday base of Gbp0.8920 ahead
of the Jul19 low of Gbp0.8903, Gbp0.8899 Hourly low Jul18. The 10-dma comes
through today at Gbp0.8880, while the topside of the 1.0% envelope comes through
at Gbp0.8969, just above the Mar7 YTD high of Gbp0.8967. Sterling remains on
Brexit watch. 
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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