Forex
globalreutersJune 25, 20241 Mins read
EUR/GBP trades lower as French election risks and weak German data weigh
globalreutersJune 25, 20241 Mins read EUR/GBP is trading lower in the 0.8440s on Tuesday as the Euro (EUR) loses ground due to rising political risk premia amid concerns about the outcome of the French-election, whilst the Pound Sterling (GBP) finds support after recent UK Retail Sales data beat forecasts, easing expectations that the Bank of England (BoE) go ahead with interest-rate cuts in August, as is widely expected.
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