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Post FOMC risk off has weighed on.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Post FOMC risk off has weighed on sterling, which in turn has
seen EUR/GBP edge back above its key technical 10-dma (current Gbp0.8933) to a
high in Asia of Gbp0.8957. While rate holds above the 10-dma it negates the
recent bearish outlook and turns attention back toward the top of its 1.0%
10-dma envelope, currently coming through at Gbp0.9022. Sterling direction
continues to take its direction from risk outlook, via equity market
performance. If equities begin to pick up demand again it could act to boost
sterling and ease rate back below its 10-dma. 
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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