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Recovery off traded low of............>

EURO-STERLING
MNI (London)
EURO-STERLING: Recovery off traded low of Gbp0.88385 extends to Gbp0.8860 as the
single currency gains a boost from release of German state CPI's, seen pointing
to a stronger pan-German release than forecast, which in turn may lead to a
stronger than forecast flash EZ CPI released Thursday. Resistance seen at the
earlier Asian high of Gbp08876. Cable, having seen an extended high of $1.3431
trades around $1.3404, still holding its break above the figure. 
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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