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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 04/Jul 09:01

Pound volatility as all eyes on UK election

The EURGBP pair is extending its decline to near 0.8465 in early European trading on Thursday. The Euro is edging lower as the softer Eurozone HICP inflation report prompted the expectation of interest rate cuts from the European Central Bank, while market players will closely monitor the UK general elections on Thursday. The upcoming UK general elections might limit GBP movement ahead of the vote on Thursday before the results potentially trigger some volatility on the Pound Sterling on Friday. Political analysts and surveys predict that Keir Starmer’s Labour will win more seats than the record 418 it won when

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