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Sterling trailed EUR slippage vs......>

EURO-STERLING
MNI (London)
EURO-STERLING: Sterling trailed EUR slippage vs the USD Tuesday, in turn allowed
EUR/GBP to ease away from its 10-dma (was Gbp0.8633) to trade to a low of
Gbp0.8585, though holding well within its 1.0% envelope parameters (currently
base Gbp0.8541, top Gbp0.8713). Cross closed Tuesday's session back around
Gbp0.8600, with trade through Asia and into Europe consolidating around the
figure (range Gbp0.8592-0.8605). Whilst rate holds below its 10-dma (current
Gbp0.8627) seen favouring the bottom side.  
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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