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Stretched up to touch Monday's high...>

EURO-STERLING
MNI (London)
EURO-STERLING: Stretched up to touch Monday's high of Gbp0.9061, but this
initial move fails to trigger any further buys. Rate currently trades around
Gbp0.9059. A break of Gbp0.9061 expected to meet headwind sell interest placed
up to Gbp0.9070.Above here then exposes Gbp0.9090. Move up in the cross presses
cable below its earlier low of $1.3032, extends slippage to $1.3029. Support in
this rate remains between $1.3015/00. 
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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