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Cross saw an extended low of..........>

EURO-STERLING
MNI (London)
EURO-STERLING: Cross saw an extended low of Gbp0.8723 Wednesday before it
consolidated around Gbp0.8735 for the balance of the day. Sterling seen losing a
little bit of its recent shine, possibly on profit taking as traders remain wary
of Brexit headline comment which can influence. Cable has eased away from its
Asian high of $1.3244 to currently trade just above $1.3200, the move overtaking
EUR/USD's pullback and in turn has seen EUR/GBP edge back within its 10-dma 1.0%
envelope, the base of which comes in at GBp0.8930. Cross currently trades toward
Gbp0.8750. Resistance seen into Gbp0.8750, more close behind at Gbp0.8760 ahead
of GBp0.8780. Support remains into Gbp0.8720. 
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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