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Equities and the Pound are on the move.

CROSS ASSET
  • Risk is seeing an early bid in futures, after trading as low as early June for VGU3 yesterday, the contract now targets immediate resistance seen at 4338.0.T
  • he underpinned risk has kept the lid on the Dollar overnight, and since the EU Cash Govie open.
  • Cable test session high, but the AUD remains the best performer, on the Risk On tone, up 0.60%, but just off its best levels.
  • The Pound is nonetheless seeing broader buying against the JPY and EUR.
  • The one to watch, given GBPJPY at new high, will be the USDJPY, which is now finding a bid.

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