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Euro Strengthens as Data Shows Signs of Economic Recovery in the EU /
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2024-07-13 14:02:54

Euro Strengthens as Data Shows Signs of Economic Recovery in the EU on Nostr: Pound Sterling Challenges 4-Month High Against US Dollar Amid Political Developments ...

Pound Sterling Challenges 4-Month High Against US Dollar Amid Political Developments
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#7aa5aba6 ver:1.06

The Pound to Dollar exchange rate reaches 4-month high at 1.2950 amid political developments and economic data. Left-wing alliance wins French parliamentary election, raising concerns about EU political risk. UK Labour Party's majority in the House of Commons boosts confidence. Bank of England's policy and potential rate cut next month closely watched. US reports weaker inflation data, increasing expectations of a September rate cut. Pound currently overvalued by 1.83%. #GBPUSD #politicalrisk #economicdata #ratecut...

#newstr #Pound #Dollar #ExchangeRate #Inflation #Fed #Gbp/usd #Gbp/eur #UsCpi #UkCpi

https://here.news/story/7aa5aba6?ver=1.06
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