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Slowly nudging higher on position.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Slowly nudging higher on position adjustment ahead of UK
Inflation data release at 0930GMT. Headline CPI has market expectation of 3.1%yy
(Bank staff 3.2%), a miss likely to prompt a larger reaction as UK rate path
hopes so far able to counter negative Brexit outlook pressure. Cross saw a high
earlier today of Gbp0.8933 with some highlighting the Gbp0.8940 level above
(area of high post BOE hike/rate path announcement). 
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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