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via fxstreet.comMarkets

Euro extends losing streak against British Pound, hits 16-month low

FROM THE WIRE · FXSTREET.COM

EUR/GBP trims part of its intraday decline on Wednesday but remains on the back foot for the ninth consecutive day as concerns over France’s fiscal position weigh on the Euro (EUR).

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishConcerns over France's fiscal position weigh on the euro as it extends its losing streak for the ninth consecutive day.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01EUR/GBP remains under pressure for the ninth consecutive day, hitting 16-month lows.
  2. 02Concerns over France's fiscal position weigh on the eurozone currency.
  3. 03The euro trimmed part of its intraday decline on Wednesday but remains on the back foot.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Euro/UK Pound Sterling FX Cross RateEURGBPFX pair0.8470+0.08%today -0.11%Negative EUR/USDEURUSDFX pair1.1178+0.09%today -0.75%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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