The euro dollar exchange rate is treading higher however we note the near-term outlook remains negative at worst, choppy at best.
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The euro exchange rate complex is today higher with strong gains being witnessed across the board. The outlook for the euro is however decidedly mixed.
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The Bank of England will be the driver of the pound euro exchange rate this week with the near-term outlook dominated by BoE's changes to Forward Guidance.
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The euro has suffered a setback against the pound sterling on Friday having run out of steam after encountering strong resistance.
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The euro rate complex is today seeing selling pressure as yesterday's post-ECB boost proves to be fleeting.
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The British pound has seen heightened pressures against the euro on Thursday with the near term outlook turning increasingly bearish.
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The euro rate has today come under selling pressure in the wake of today's ECB decision and the outlook has turned bearish in the short term.
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