Pound fails to gain on higher than expected inflation |
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On Tuesday, EUR/USD opened the session in the 1.5550 area but drifted lower throughout the morning session in Europe. It is a bit strange, but yesterday morning after the publication of the UK CPI figures it even looked as if the decline in cable drove EUR/USD lower at the time (usually, the arrow points in the opposite direction). Some rather hawkish comments from ECB’s Noyer this time were also of no support for the single currency and EUR/USD lost some more ground after the stronger than
Filed under: Fundamental
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