Sterling weakens after cooler UK CPI data

The EURGBP cross extended the rally to 0.8445 during early European trading hours on Wednesday. The Pound Sterling weakened against the shared currency after the cooler-than-expected UK Consumer Price Index (CPI) inflation

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ECB cuts interest rates by 25 bps

The EURGBP pair remained fragile Thursday after the European Central Bank policy meeting which decided to cut its rate on deposit facility by 25 basis points (bps) to 3.25%. The ECB reduced

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GBP finds support despite lower UK GDP

EURGBP is retracing its recent gains from the previous session, trading around 0.8340 during the Asian hours on Monday. The currency cross remains tepid following the release of the gross domestic product

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