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Single Currency Slips on Early Bank Weakness, EUR/GBP Nears YTD Low

EUR
  • Pullback in European banks also making itself felt in the single currency, which edges lower against USD and GBP in recent trade - EUR/GBP prints a new low of 0.8730 to narrow the gap with key horizontal support at 0.8719.
  • A break below here would mark a fresh YTD low and the lowest level for the cross since mid-December

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