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Retains a bid tone well after the.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Retains a bid tone well after the 1100GMT fix with rate extending
topside to Gbp0.8954, off its earlier low of Gbp0.88985. Traders likening the
move to Wednesday's 1000GMT fix, sterling trading firm only to be quickly
'slapped back'. Interesting that Eur/Usd only seeing partial lift from this
move, cable breaking under its earlier Asian base of $1.3191 to $1.3183, having
seen highs late Europe morning of $1.3260. Eur/Gbp trades back at Gbp0.8944 as
cable edges back toward $1.3200. 
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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