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Upside momentum picks up further,.....>

EURO-STERLING
MNI (London)
EURO-STERLING: Upside momentum picks up further, rate extends climb to
Gbp0.8809, holding just shy of Thursday's high of Gbp0.8810. Break here to
expose Gbp0.8835. Move sees cable pressed down to $1.3382 but BOE Carney
comments noting that the UK economy is on the kind of track for rates to
increase in relative near future, provides some counter. Cable has edged back to
$1.3400 while the cross trades back at Gbp0.8799.  
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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