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Sharp reversal off the high...........>

EURO-STERLING
EURO-STERLING: Sharp reversal off the high (Gbp0.8837) extended to Gbp0.8805
after the release of stronger UK CPI. Expect support on approach to Gbp0.8800, a
break opens Gbp0.8774/67 (Dec11 low, 50% Gbp0.8690-0.8843). 

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