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Gbp/Usd outperformed in the European.......>

STERLING
STERLING: Gbp/Usd outperformed in the European morning session with gains
extending to $1.4223, but has since reversed the trend to $1.4161, largely on
Gbp/Jpy supply following President Trump's Russia tweets. Next support is seen
at $1.4125/21 (38.2% $1.3966-1.4223/Apr10 low). The cross briefly touched
Gbp0.8700 before staging an impressive recovery to Gbp0.8739. US CPI data
follows at the bottom of the hour, CPI is expected to come in flat in March
following an as-expected 0.2% rise in February.

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