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Chart Of The Day: EUR/GBP Ready To Resume Lower

investing.com
 2021-07-23

Cover picture for the articleThis article was written exclusively for Investing.com. The EUR/GBP managed to bounce back Friday morning on the back of stronger Eurozone PMI data, while disappointing numbers from the UK hurt the pound. Still, I reckon the risks remain skewed to the downside for the EUR/GBP as the Bank of England appears to be more hawkish than the European Central Bank and the Delta variant of Covid is now rising rapidly across some major European nations, which could hurt growth in the coming months.

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