Euro catches breath as Pound takes all the heat

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The Euro enjoyed some stability today as investors directed most of their attention towards the battered Pound.

With the Euro appreciating against every single G10 currency excluding the Japanese Yen, bulls are certainly in the drivers sear today. While the Euro has scope to extend gains in the week ahead, the upside will be capped by Europe’s fundamentals and speculation over the European Central Bank cutting interest rates in September.

Where the Euro concludes the trading week will be influenced by the Eurozone Q2 GDP report scheduled for release on Wednesday. A positive print above… Read More:

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