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Failure in Brexit talks Sunday over...>

EURO-STERLING
MNI (London)
EURO-STERLING: Failure in Brexit talks Sunday over the Irish border problem saw
sterling marked down into Asia, the cross able to extend its recovery away from
its recent Gbp0.8723 low (Oct10) to Gbp0.8836 in opening Asian dealing. Move
also allowed rate to extend away from the base of its 1.0% 10-dma envelope,
today coming in at Gbp0.8712. However, sterling demand into the dips has allowed
the cross to ease off toward Gbp0.8800 in opening European dealing. Traders note
that the Gbp0.8800 level holds the strike of an expiring option at today's NY
cut, E1.59bn, which could keep rate anchored close by.  
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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