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EUR/GBP still lower on the day,.......>

EURO-STERLING
EURO-STERLING: EUR/GBP still lower on the day, last 10 pips or so softer at
GBP0.8887, well back from the early session lows of GBP0.8667 that came about on
the back of positive developments re: Brexit matters seemingly being passed
through the UK cabinet (according to reports from the Sun). Optimism has been
curtailed by familiar questions re: resistance from the opposition, hard-line
Brexiteers & the DUP.
- Initial EUR/GBP support noted at Tuesday's intraday low of GBP0.8656, followed
by the April 17 intraday low of GBP0.8621. Resistance seen at Tuesday's intraday
high of GBP0.8742.
- UK inflation data due Weds, though Brexit matters will likely have more impact
on GBP. A UK cabinet meeting will be held, with EU ambassadors also meeting
Weds.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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