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Equities are back to pre CPI levels

CROSS ASSET
  • Govies unwind some of the early sell off, with the bounce led by Equities.
  • Indices are back to pre French CPI level.
  • Schatz has been bought in 15k cumulative volume post the Auction.
  • The move in Equities could limit some of the USD gains, while the Pound continues to extend gains, Cable is is next immediate resistance at 1.2101 50-day EMA, with next resistance seen at 1.2147 High Feb 21.
  • EURGBP has broken the intraday low, and supports are seen at 0.8762 Low Jan 30 and 0.8762 Low Jan 30.

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