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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 30/Sep 07:24

GBP finds support despite lower UK GDP

EURGBP is retracing its recent gains from the previous session, trading around 0.8340 during the Asian hours on Monday. The currency cross remains tepid following the release of the gross domestic product (GDP) data for the second quarter from the UK. GDP grew by 0.5% quarter-over-quarter in the second quarter, slightly below the expected and previous increase of 0.6%. On an annual basis, GDP rose by 0.7%, also falling short of the forecasted and prior growth rate of 0.9%. The EURGBP cross received downward pressure from the increasing odds of the European Central Bank  implementing another interest rate cut in

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