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Risk Rally Capped For Botth Euro and Pound

posted by Avatar fx360 830 days ago in EUR, Daily

The rally in risk FX which steadily gained strength throughout Asian trade ran out of momentum in midmorning London dealing today after slightly softer than expected UK CPI numbers and a lower German ZEW reading tempered investor enthusiasm. UK CPI printed at 3.1% vs.2.8% the month prior but was actually weaker than the market expectations of 3.2%.
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