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EU Barnier Comments Knock Sterling off Highs. Negotiations Remain Key For GBP Direction.

GBP
MNI (London)
  • Negative Barnier comments on Brexit trade negotiations knocks GBP, takes GBP/USD off extended highs of $1.3441 to $1.3353 but seen meeting some demand through the 0800GMT fix, though only lifts rate to $1.3385.
  • EUR/GBP pushes outside of the topside of its 1.0% 10-dma envelope (current Gbp0.9032) but corrects back within.
  • Expect some volatile swings as headlines leak out of EU Barnier's presentation to EU leaders.
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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