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Sharp recovery away from the..........>

EURO-STERLING
MNI (London)
EURO-STERLING: Sharp recovery away from the Gbp0.8900 area looks to be linked to
1100GMT fix interest, similar action was seen Wednesday at that day's 1000GMT
fix. The cross has extended this recovery move to Gbp0.8942 and holds firm,
though momentum has faded. Buoyancy currently seen as cable makes a show back
under $1.3200, the rate looking to threaten its earlier Asian low of $1.3191.
Resistance in the cross seen at Gbp0.8952/67. 
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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