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via fxstreet.comPolitics

Euro edges up from yearly lows as pound softens ahead of UK budget

FROM THE WIRE · FXSTREET.COM

The Euro (EUR) is drawing some support from a softer British Pound (GBP) on Wednesday, as markets brace for the release of the first budget of Prime Minister Andy Burnham’s cabinet.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe first budget of the new UK government can affect sterling and UK government bond markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Euro is drawing support from a softer British Pound on Wednesday.
  2. 02Markets brace for the first budget of Prime Minister Andy Burnham's cabinet.
  3. 03The Euro is edging up from yearly lows.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1126+0.02%today -0.05%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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