Release overnight of the YouGov MRP...>

EURO-STERLING: Release overnight of the YouGov MRP poll, which cut back its

Conservative majority outlook to 28 seats with accompanying words that with a

margin of error leaves open the chance for another hung parliament result,

though at the same time could also allow for a larger Conservative majority.

However, release spooked some of the short term sterling longs which allowed

EUR/GBP to extend its move away from the base of its 1.0% 10-dma envelope, which

currently comes through at Gbp0.8391, and back toward the 10-dma, currently at

Gbp0.8476. Rate touched a high of Gbp0.8464 in early Asia, before it eased back

to Gb00.8436 but fresh demand emerged into Europe allowing it to edge back to

Gbp0.8452. Resistance now seen at Gbp0.8464/67 ahead of the 10-dma at Gbp0.8476.

A break here to open a move toward Gbp0.8500. Topside of the 1.0% 10-dma

envelope currently at Gbp0.8561. Polls released ahead of Thursday's election

remain a key driver of the cross.