EURGBP lost ground on Tuesday after surprise failure of Germany’s Merz to win support from parliament to become a chancellor on the first round of voting. The pair fell to one-month low and dented strong supports at 0.8480 (Fibo 61.8% of 0.8320/0.8738 upleg/daily lower base). Firm break here is needed to validate fresh bears and […]
The post EUR/GBP: Falls to One Month Low on Fresh Political Tremors from Germany appeared first on Action Forex.
BoE Deputy Governor Clare Lombardelli reinforced the case for a “gradual and careful” approach to policy easing in a speech today. She noted underlying inflation “have continued to fall” despite noises. Monetary policy is still Read more…
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