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Soft tone in sterling Thursday........>

EURO-STERLING
MNI (London)
EURO-STERLING: Soft tone in sterling Thursday morning in the aftermath of PM
May's appearance in Brussels allows GBP to outpace the EUR as the USD continues
to trade firm post FOMC Minutes release. EUR/GBP had seen a pullback low of
Gbp0.8765 in NY Wednesday, off an earlier high of Gbp0.8809(UK inflation react),
but has recovered through Asia and into early Europe to Gbp0.8786. Initial
resistance seen around Gbp0.8790, a break to expose Gbp0.8810. Support
Gbp0.8760/50. Brexit headlines and UK Retail Sales data provide main focus for
direction.  
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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