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GBP Remains Range-Bound, Euro Holds below 50-Day SMA

posted by Avatar DailyFX 900 days ago in EUR, GBP, Daily

The British Pound tumbled to a low of 1.6326 during the overnight trade as the economic docket reinforced a weakened outlook for future growth, and fears of a protracted recovery in the U.K. may continue to drag on the exchange rate as investors weigh the prospects for monetary policy going forward.
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