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Recovery away from its traded low.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Recovery away from its traded low of Gbp0.8843 extends through
Gbp0.8857/60 resistance and on to Gbp0.8864, just shy of its earlier Asian high
of Gbp0.88675. Move seen in tandem with Eur demand in other crosses, Eur/Usd
recovering off its retest of its Asian low of $1.1730 to now retest its earlier
high of $1.1757, touching a slight extended high of $1.1758. Next resistance in
Eur/Gbp seen between Gbp0.8876/81. 
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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