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Squeezes on to Gbp0.8925, the rate....>

EURO-STERLING
MNI (London)
EURO-STERLING: Squeezes on to Gbp0.8925, the rate meeting support in the earlier
mentioned support area between Gbp0.8930/25. Rate currently trades around
Gbp0.8930 with recovery efforts holding shallow. Cable back above $1.3300,
extends intraday highs to $1.3318. Resistance seen in cable at yesterday's high
of $1.3329. US CPI up next at 1230GMT. Next support in the cross seen at
Gbp0.8900/0.8890. 
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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