11.11.2008 17:00

EUR/GBP:

Extended the life highs to stg0.8215 towards the end of the European morning, making a marginal show above yesterday's stg0.8210 peak. Barrier interest at stg0.8225 now said to be in place, while the long-term level to watch on the topside is said to be the synthetic high from November 1995 at stg0.8440. Euro-sterling dipped back to stg0.8140 in recent trade with poor liquidity exacerbating the move. Traders remind large expiry interest at stg0.8050 for today's 1500GMT cut may help to pull spot lower, with additional expiry interest at the same level also reported for tomorrow's cut.






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