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Posted by
Two Blokes May 22 -
Filed in
Forex
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2 views
The Pound to Euro (GBP/EUR) exchange rate failed to break above the 1.1900 area for seven successive sessions and has retreated to around 1.1850 despite stronger than expected UK inflation data reported on Wednesday. Citigroup (Citi) considers that this is an important technical failure and also expects that the Euro will tend to benefit.
