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gk_newsThe Pound to Euro exchange rate cemented positions above 1.15 following the release of survey data showing a sharp slowdown in Eurozone economic activity in July, underscoring the potential for a 'dovish' European Central Bank guidance on Thursday.
July 25,2023
The Pound to Euro exchange rate was hobbled last week and might now be set for consolidation in a rough 1.1476 to 1.1620 range in the days ahead with a risk of losses below 1.15 if the European Central Bank (ECB) turns more ‘hawkish’ on Thursday.
July 25,2023
The European Central Bank (ECB) forms the near-term risk for the outperforming Euro and one investment bank research team warns of downside risks if policymakers in Frankfurt strike a 'dovish' tone next week.
July 20,2023
Pound Sterling is prone to further weakness against the Euro in the short term with a technical deterioration on the charts advocating for further downside and suggesting the 2023 uptrend had faded.
July 25,2023
Knot says Eurozone inflation to fall back to 2.0% target in 2024.
July 18,2023
The Pound to Euro rate has veered into a consolidation on the charts and could be most likely to trade within a relatively narrow range in the week ahead, one spanning the gap between roughly 1.1609 and 1.1679, though with some risk of a break higher.
July 17,2023
The British Pound was the second worst-performing major currency on the day U.S. inflation was reported to have fallen by a larger-than-expected amount.
July 13,2023
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