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"We are prepared to offer a partnership.......>

FOREX
FOREX: "We are prepared to offer a partnership with Britain such as has never
been with any other third country" were the words that supported GBP on
Wednesday, as EU Brexit negotiator Barnier's comments allowed cable to finish
above $1.30 as mkts started to price in the chance of a more favourable outcome
to UK/EU Brexit negotiations. Subsequent comments from the German Foreign
Ministry briefly weighed, as it noted that there will be no special rules for
the UK post-Brexit, but the rate went on to make fresh highs in late dealing.
GBP's rally puts the pair just shy of the 50-DMA ($1.3046). EUR/GBP eased below
GBP0.9000. GBP's rally put the DXY on the back foot against its G10 peers, with
the index closing lower for the 9th time in 10 sessions. The USD drop prompted
EUR/USD to reclaim $1.17 after easing to $1.1652 at the NY crossover.
- Westpac's mortgage rate move weighed on AUD throughout the day, which saw the
Aussie underperform its G10 peers. AUD/NZD now eyes the 100- & 200-DMAs at
NZ$1.0848 & NZ$1.0844 respectively.
- Thursday brings German state & national CPI, Canadian GDP, U.S. personal
income/spending numbers & Australian CapEx.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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