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Euro Strengthens as Data Shows Signs of Economic Recovery in the EU /
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2024-07-04 07:02:11

Euro Strengthens as Data Shows Signs of Economic Recovery in the EU on Nostr: Pound to Dollar Exchange Rate Hits 20-Day High on UK Election Day =============== ...

Pound to Dollar Exchange Rate Hits 20-Day High on UK Election Day
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#7aa5aba6 ver:0.9

The Pound to Dollar exchange rate reached a 20-day high on UK Election Day, driven by weak US data and speculation of a US slowdown. The US ISM services-sector index for June dipped to 48.8, reinforcing expectations of an economic slowdown and increasing speculation of weaker-than-expected US jobs data. Final UK opinion polls pointed to a convincing victory for the Labor Party. Looking ahead, the primary driver for the exchange rate will be the UK general election, along with high-impact data releases and the Federal Reserve's meeting minutes. #GBPUSD #UKelection #USDfragility #economicdata...

#newstr #Pound #UsDollar #ExchangeRate #UkElectionDay

https://here.news/story/7aa5aba6?ver=0.9
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