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Free AccessCross saw an extended high of.........>
EURO-STERLING: Cross saw an extended high of Gbp0.8915 as sterling was knocked
by position adjustments ahead of a key Brexit vote Tuesday, on perception that
PM May would lose the vote. However, sterling was given some reprieve as the UK
Govt won the vote allowing the cross to ease back below Gbp0.8900, trade in Asia
contained within a range of Gbp0.8883-97. Rate currently holds just off the
Asian low in early Europe. Below Gbp0.8883 next support seen at the NY pullback
low of Gbp0.8860. Resistance into Gbp0.8900 ahead of Gbp0.8915. The topside of
the 1.0% envelope, drawn around the 10-dma, has moved up to Gbp0.8941. Brexit
headlines remain key directional driver. UK CPI at 0830GMT the main domestic
data interest.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.