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EUR/GBP continues to track lower towards 0.8333
Since an earlier update here today continued to note the prospect of the EUR/GBP falling, to test an important technical level, it has continued to do just that. The level in question is at 0.8333 and that equates to a reciprocal rate of GBP/EUR 1.2000. This reciprocal rate is one used by many retail, travel and import/export businesses and hence it is a level that is of some importance, not only for psychological reasons. The low seen so far this afternoon has been set at 0.8339. So, as you can see it is still intact and may of course remain so, as it is an important price point to note from a technical perspective, if nothing else. The EUR/GBP is currently trading at 0.8343
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