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Stretches recovery on to..............>

EURO-STERLING
MNI (London)
EURO-STERLING: Stretches recovery on to Gbp0.90695, with Jpy demand possibly
driving. Sales of Gbp-Jpy takes this cross below Y144.00 to fresh intraday lows
of Y143.84. Resistance in the cross has been reported into Gbp0.9070, a break to
expose GFbp0.9090(Equates to E1.1000/1.618% swing stg0.9055-0.8998). Pressure on
sterling sees cable extends intraday lows to $1.3028, but so far holds off a
retest of the $1.3015/00 reported cushion area($1.3014 Aug7 low). 
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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