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Wednesday, July 12, 2023

Pound Euro Exchange Rate News: GBP/EUR Rallied on Elevated BoE Rate Hike Bets

Pound (GBP) Supported by BoE Rate Hike Expectations The Pound (GBP) found renewed strength against its peers on Tuesday despite a lack of economic data. Last week’s shock inflation reading, with stronger-than-expected headline CPI and stubbornly-high core inflation, further tightening could be inevitable. The...

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