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EURUSD Dives as UK Inflation Data Reinforces BoE Rate Cut and Fed Signals Dovish Shift

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

News Summary

  • UK's weaker inflation data drives sterling down, cementing BoE rate cut expectations.
  • This weighs on EURUSD amid dovish Fed signals and rising US Treasury yields, prompting bearish outlook on EURUSD in the short term.
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EURUSD price history

1.15 -1.71% over the displayed period

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