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Apr 12 - 04:55 AM

EUR/GBP - Falls To Two-Week Low As Euro Sags Vs Dollar

By Rob Howard  —  Apr 12 - 03:05 AM
  • EUR/GBP drops to 0.8533 as EUR/USD slides through 1.07 to five-month low

  • 0.8533 is two-week low (0.8532 was March 29 low). 0.8542 was Thursday's low

  • Expectation of ECB interest rate cut in June is weighing on the euro

  • BoE is not expected to cut rates until Q3. EUR/GBP bear targets include 0.85

  • UK Feb GDP up 0.1%, as expected. UK Jan GDP revised up by 0.1% to 0.3%

  • Former Fed chief Bernanke to set out BoE reforms at 1100 GMT nL5N3GK4QN

Source:
Refinitiv IFR Research/Market Commentary

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