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Cross saw a low of Gbp0.8897 on.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross saw a low of Gbp0.8897 on reaction to release of the UK
Employment Report but move was quickly corrected as it bounced back to Gbp0.8934
in early NY. Rate eased off to Gbp0.8907 ahead of the European close, closing
the day around Gbp0.8920. Consolidation in Asia between Gbp0.8911-25, trade in
Europe so far held below Gbp0.8920. UK Inflation at 0830GMT provides domestic
data interest and has the potential to be a market mover. Rate currently holds
below its 10-dma(Gbp0.8939) but would need a break of Gbp0.8880/70 to support a
deeper corrective pullback. 
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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