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Extends recovery to retest the........>

EURO-STERLING
MNI (London)
EURO-STERLING: Extends recovery to retest the Jul24 high of Gbp0.8927 with
traders suggesting move seen driven by month-end flow. This move up in the cross
seen providing a counter to cable's recovery, the latter rate edging higher on
expected month-end USD sales. A break and clear of Gbp0.8927 to expose
Gbp0.8947/58(Jul23/Jul20 highs) ahead of stronger resistance into
Gbp0.8964-67(50% Gbp0.9307-0.8621/2018 High Mar7). 
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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