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Euro US Dollar Exchange Rate Slips from Fortnight Best as USD Steadies

Euro US Dollar Exchange Rate on Track for Big Gains This Week
Despite the recent strength of the US Dollar (USD) and its advance attempts today, the Euro US Dollar (EUR/USD) exchange rate is on track for big gains this week. The Euro (EUR) was able to capitalise on US Dollar losses.
Since opening this week at the level of 1.1764, EUR/USD has seen a surge in demand and has regained much of the losses seen over the past month.
Last night, EUR/USD touched on a high of 1.1924 – the best level for the pair since late-March. While EUR/USD was not able to hold this best level, the pair still trends high in the region of 1.1892 at the time of writing on Friday. ....

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GBP/EUR Forecast: Pound to Euro Exchange Rate Limited as UK GDP Contracts Less-Than-Expected

March 12, 2021 - Written by John Cameron
The Pound to Euro exchange rate is rangebound today as GDP data released from the UK shows that the economy shrank less than forecast in January.
At the time of writing the pair are currently trading at around 1.1681, as the Euro received support this morning as industrial production figures unexpectedly turned positive and German inflation data met forecasts.
Pound Sterling (GBP) Exchange Rates Slip as UK GDP Contracts 2.9%
The Pound dipped this morning, although GBP/EUR is trading in a narrow range, as UK GDP shrank 2.9% in January, less than the 4.9% forecast.
The contraction comes as the UK was plunged into a third national lockdown at the start of January to help combat the third, more deadly wave of the coronavirus pandemic. ....

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Euro Pound Exchange Rate Advances amid UK Economic Gloom

Euro Pound Exchange Rate Advancing as Eurozone PMIs Less Disappointing than UK
Despite economic recovery hopes and market sentiment boosting the Pound (GBP) in the middle of the week, the Euro Pound (EUR/GBP) exchange rate has seen a strong recovery over the past day. The pair continues to climb on Friday and may sustain gains this week.
Since opening this week at the level of 0.8890, EUR/GBP has seen mixed movement. Yesterday, the Pound’s strength pushed EUR/GBP lower to a four-month-low of 0.8832.
EUR/GBP has been recovering and advancing again since last night though. At the time of writing on Friday afternoon, EUR/GBP is trending near the level of 0.8940. This isn’t far below the week’s best levels. ....

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