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Eur/Gbp makes a show back under............>

STERLING
STERLING: Eur/Gbp makes a show back under Gbp0.8800, extending through the Asia
base to Gbp0.8793. The move allows cable to consolidate above $1.4100, last
$1.4116. A break of the earlier traded high ($1.4137) opens resistance at
$1.4150, ahead of 1.4172/77 (Hourly recovery high Jan26/Jan29 high(Rtrs).
Markets expected to concentrate on Governor Carney who will give evidence to the
Lords' Economic Affairs Committee, starting at 1530GMT. Traders also hold
caution over the usual Eur/Gbp mth-end demand which so far has not been present.

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