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Euro


Mohammed Abdullah

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The Euro rise has mainly been against the GBP and I think we have to attribute this to GBP weakness more then EUR strength. This is because of some comments from the UK government surrounding the potential EU trade deal and alignment within the deal.

There were some comments stating the UK would not adhere to EU rules which the EU have previously stated has to be part of the deal.

 

This raised the chance of no trade deal meaning the GBP weakened heavily today.

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