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Recent recovery extended to $1.1172.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Recent recovery extended to $1.1172 into Friday's close, the rate
buoyed by optimism concerning Saturday's UK Brexit vote (which looked set to
gain approval) as well as general USD softness. Rate was marked down to $1.1137
in opening trade Monday, again taking its lead from cable as the latter rate was
knocked by Saturday's amendment which has delayed the 'meaningful vote'.
However, the dip attracted demand which edged rate back to $1.1165 before it
settled around $1.1160 as market awaited Europe's reaction to the weekend
events. 
- A light data calendar for Monday. Germany PPI due at 0600GMT. ECB de Guindos
speaks at 1540GMT along with Fed Bowman. 
- Resistance $1.1172, $1.1190/1.1210. Support $1.1137, $1.1115/00. 
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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