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EUR/USD slippage Tuesday morning......>

EURO-STERLING
MNI (London)
EURO-STERLING: EUR/USD slippage Tuesday morning outpaced the downside pressure
on cable which allowed EUR/GBP a move back under GBp0.9000 to Gbp0.8989.
However, the dip proved to be brief and rate bounced back to Gbp0.9022, the
cross basically settling above Gbp0.9900 before it closed the day around
Gbp0.9010. Asia took rate back up to Gbp0.9020, eased off to Gbp0.9011 into
early Europe. Rate continues to hold close to its 10-dma, today coming through
at Gbp0.9015. UK Services and Composite PMI data due for release at 0830GMT.
Brexit headline watch remains in vogue. EUR/GBP support Gbp0.9000, Gbp0.8989/87
ahead of Gbp0.8970. Resistance Gbp0.9020, stronger between Gbp0.9030/33. 10-dma
1.0% envelope parameters today at Gbp0.8924/0.9105. 
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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