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Singapore PMI Jumps In July


*correct* RBA-RBNZ Differences Grow

STERLING: Further GBP demand lifts GBP/USD above $1.34 and EUR/GBP
simultaneously breaks lower to equal Dec25 lows at Gbp0.8858. Little volume
behind the move results in GBP/USD pulling away from fresh highs at $1.3414.
Data and risk events are few and far between on the calendar today, meaning
today's sterling trade will be broadly flow-driven. Next support in EUR/GBP seen
at around Gbp 0.8839 with the Dec22 low. 
MNI London Bureau | +44 203-865-3809 |