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EUR/GBP jumps above 0.8375 as Bank decides on rates
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has slumped that has lifted the EUR/GBP abruptly higher. The price pushed above 0.8375 and it may not be done with yet. Once again the reason for this was a former hawk on the MPC completely turned around and actually voted for a 0.50% rate cut today. This news has not been lost of the FTSE 100 either, as it sets yet more records, rising above 8,750 on the news. The EUR/GBP is currently trading at 0.8370
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