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Miss in UK CPI (3.0% vs 3.1%..........>

EURO-STERLING
MNI (London)
EURO-STERLING: Miss in UK CPI (3.0% vs 3.1% forecast and BOE staff projection
3.2%) weighed on sterling and spiked cross to a high of Gbp0.89525. Stops had
been suggested on a break of Gbp0.8940, placed above the BOE rate hike/rate path
reaction high of Gbp0.8938(Nov2). Resistance at Gbp0.8954/58 untouched as rate
drifts off to Gbp0.8946. 
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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