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Positive Brexit deal comments.........>

EURO-STERLING
MNI (London)
EURO-STERLING: Positive Brexit deal comments Friday provided sterling with a
general boost, the demand taking this cross through its significant technical
200-dma at Gbp0.8839, as well as allowing it to close below, to a low of
Gbp0.8777(close Gbp0.8778). Move also saw rate break below the base of its
10-dma 1.0% envelope. Rate tends not to like being outside of this envelope for
too long and can often snap back. Envelope base currently comes in at Gbp0.8783,
the rate having corrected off its earlier Asian extended low of Gbp0.8774 to
currently trade around Gbp0.8788. Resistance seen into Gbp0.8800. Brexit
headlines remain a key driver in this cross. EU meeting to discuss Article 50
Wednesday along with UK GDP.  
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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