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euro-symbol-012320.jpg The euro lost ground against its major trading partners in the European session on Thursday, after European Central President Christine Lagarde struck a cautious tone on the euro area economy, saying that inflation remained subdued and the weakness in the manufacturing sector posed a drag on growth momentum. In...

pound-jan15.jpg The pound depreciated against its key counterparts during European deals on Wednesday, after Bank of England policymaker Michael Saunders joined his peers in supporting a potential interest rate reduction and as U.K. inflation eased to its lowest since November 2016 ahead of the interest rate-setting...

pound-010920.jpg The pound fell sharply against its key counterparts in the European session on Thursday, after the outgoing Governor Mark Carney signaled that an imminent interest rate reduction is on the cards, if weakness in the U.K. economy persisted. Speaking at a BoE event in London, Carney said that the pace...

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