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Picking up some upside momentum.......>

EURO-STERLING
MNI (London)
EURO-STERLING: Picking up some upside momentum which, at this time of the month,
prompts suspicion of month-end demand. Rate has edged away from its 10-dma
(current Gbp0.8470) to Gbp0.8484. Resistance is seen into Gbp0.8500. Focus
remains on the BOE MPC rate decision, market seen split whether the Bank will
cut by 25bp or remain unchanged. 
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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