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GBPUSD and EURUSD Soar as Fed's Dovish Tone and UK GDP Contraction Spur Rate Cut Speculation

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The dollar weakens amid prospects of future rate cuts, boosting euro and sterling which gain for a third consecutive week.
  • UK GDP contraction increases expectations for Bank of England rate cuts, while Fed's less hawkish stance supports dollar selling pressure.
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EURUSD price history

1.16 +0.00% over the displayed period

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