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Saw an extended low of Gbp0.8804 in...>

EURO-STERLING
MNI (London)
EURO-STERLING: Saw an extended low of Gbp0.8804 in Asia, as sterling gained a
boost from a Times report suggesting progress made on the Irish border component
in Brexit negotiations, setting up a chance for transition agreement in January.
Hover, early cross demand in Europe has taken rate up to Gbp0.8820, some
suggestion of a 0700GMT fix related interest, while others on lookout for any
RHS European sovereign interest for month end account balancing. Move up in the
cross takes cable back toward $1.3450, after breaking interim support level of
$1.3465. Cross resistance seen at the earlier Asian high of Gbp0.88375. 
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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