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Getting some confirmation that the....>

EURO-STERLING
MNI (London)
EURO-STERLING: Getting some confirmation that the spike higher into 110GMT was
driven by fix demand, the rate taken to an extended high of Gbp0.88845 before
easing back around its earlier highs of Gbp0.8867. An earlier snap back, from
the early Europe low of Gbp0.8843, seemed to have been prompted as demand
emerged around 0800GMT. Cable was shoved down to $1.3211 in the cross move but
has been able to recover back to $1.3228. 
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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