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EURGBP short covering and the.........>

EURO-STERLING: EURGBP short covering and the subsequent move to Gbp0.8782
continues to pare recent GBPUSD gains. Having made a brief show above $1.3300,
rate eases to the $1.3273/78 area to hold in the middle of its daily range. The
100-dma provides key tech resistance for the cross at Gbp0.8794 and will be
monitored on a closing basis today.  

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