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Failure at Gbp0.8825 Monday saw.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Failure at Gbp0.8825 Monday saw rate drop back to Gbp0.8796
before rate settled back above Gbp0.8800 through to the close as well as through
the Asian session. Sterling picking up some mild demand interest in early Europe
has allowed the cross to extend the pullback low to Gbp0.8794, the rate holding
heavy at writing. While rate holds under the figure it leaves exposed next
support area into Gbp0.8780. Resistance remains at that Gbp0.8825 level. 
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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