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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 03/Sep 11:23

Euro under pressure on dovish ECB

EURGBP extended its gains for the second successive day, trading around 0.8430 during Tuesday’s European session. However, the upside potential for the EURGBP cross may be limited, as the Euro is under pressure amid strong speculation that the European Central Bank will cut interest rates in September. This would mark the second interest rate cut by the ECB since it began shifting toward policy normalisation in June. Policymakers remain confident that inflation will gradually return to the bank’s 2% target by 2025. ECB Governing Council member François Villeroy de Galhau stated on Friday, according to Bloomberg, that there are “good

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