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Support around the Gbp0.8900 has......>

EURO-STERLING
MNI (London)
EURO-STERLING: Support around the Gbp0.8900 has kept the cross buoyed and has
provided a base for the rate to edge up to Gbp0.8960(Thursday high). Rate
drifted off to Gbp0.8937 ahead of the close, settled within a basic Gbp0.8940/50
range through Asia. UK data released through the weak has been seen supporting
of sterling but Brexit concerns continue to provide a stronger counter.
Resistance remains at Gbp0.8960/65 ahead of Gbp0.8980. Support Gbp0.8940/35,
stronger into Gbp0.8900. The technical 10-dma envelope has moved higher, topside
now coming in at Gbp0.9040 (envelope base Gbp0.8861 - 10-dma Gbp0.8950 - top
Gbp0.9040). EU Brexit discussions continue Friday, traders will watch for any
comment from EU Chief Negotiator Barnier, though no press conference planned.  
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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