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Euro and Pound Slump as Middle East Conflict Fuels Inflation and Spurs ECB BoE Rate Hike Bets

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The Story

News Summary

  • Rising Middle East conflict pressures oil prices and inflation fears, leading to expectations of interest rate hikes by BoE and ECB, while the dollar weakens and EURUSD and GBPUSD decline amid geopolitical and economic uncertainty.
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EURUSD price history

1.15 -0.86% over the displayed period

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