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Feb 01 - 06:55 AM

EUR/GBP - Drops To Its Lowest Level For Nine Months

By Rob Howard  —  Feb 01 - 04:41 AM
  • EUR/GBP hits 0.8806 after extending south from 0.8852 (Asian session high)

  • 0.8806 is the lowest level since May (0.8814 was last week's low)

  • Euro losses influenced by much worse than expected German Dec retail sales

  • See: nL8N2K71E4. GBP supported by UK's speedy rollout of COVID-19 vaccines

  • Nearly 9 million people in UK have received first vaccine dose nS8N2HX047

  • IMM specs raise net EUR long/reduce net GBP long nL1N2K70FDnL1N2K70H3

EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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