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Gets pressed to an extended...........>

EURO-STERLING
MNI (London)
EURO-STERLING: Gets pressed to an extended intraday low of Gbp0.8869, as rate
feels the pressure from general Eur sales, the rate tracking Eur/Usd slippage.
In turn this allows cable to break above its earlier Asian high of $1.3266, as
rate bounces back from around $1.3240 to $1.3269. Cable currently trades around
$1.3261. Resistance seen into $1.3270, a break to open a move on toward $1.3290.
For Eur/Gbp, support now seen in the area of Gbp0.8857-50. 
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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