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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 09/Sep 12:13

Euro faces challenges ahead of ECB rate cut

The EURGBP currency pair is retracing its recent gains from Friday, trading on Monday at around 0.8440 in European markets. The Euro faces challenges as recent eurozone inflation data have solidified expectations of a rate cut by the European Central Bank at the upcoming Thursday policy meeting. With headline inflation nearing 2% and long-term inflation forecasts holding steady around the same level, the ECB has sufficient justification to ease its monetary policy stance further. Additionally, last week’s mixed gross domestic product (GDP) data from the Eurozone has reinforced expectations of a potential rate cut by the ECB. The slowdown in

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