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GBP Slightly Stronger Despite Lack of Data

GBP Slightly Stronger Despite Lack of Data

GBP has started this week in a cautiously positive mood against the major currencies with not a great amount of data supporting this move. This is on the back of tighter monetary policy from the BoE but as there is no huge inflation pressure and due to the lack of strong economic data, there is no reason to expect GBP to strengthen that much more.

There’s not a great deal coming out of the Eurozone today and we saw the Euro impacted by weaker than expected IFO data from Germany which was blamed on the ongoing situation in Crimea.

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