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AUSSIE BONDS

Smooth Passage Of Auction

KOREA RATES

Reduced Issuance In August

AUSSIE BONDS

YM Lifted

EQUITIES

E-Minis Lower Still

JAPAN DATA

Japan Jun Retail Sales +0.1% Y/Y; 4th Monthly Rise

GBP/USD: Asia open $1.3374,........>

STERLING SUMMARY
STERLING SUMMARY: GBP/USD: Asia open $1.3374, range $1.3352 - $1.3375, Europe
open $1.3367, range $1.3352 - $1.3386.
* EUR/GBP sits close to the best levels in a month after GBP dipped on news that
PM May has lost a third cabinet member in as many months after Damian Green
stepped down from his role as Deputy PM. Highs of Gbp0.8890 were printed ahead
of European trade.
* GBP/USD has traded within a range of $1.3351 - $1.3387 with resistance touted
at yesterday's highs of $1.3420.
* Strong offers are touted heading into $1.3420 with more resistance seen above
at the Dec15 high of $1.3446.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com