Pound Sterling has erased its July gains against a resurgent Euro, and there is only one question to be asked in the coming week: where will the selling end?
Pound Sterling is headed for its biggest weekly slide against the Euro since December 2023.
The Euro was higher against major peers after Eurozone inflation figures for June beat expectations and raised questions about the appropriateness of another European Central Bank (ECB) interest rate cut.
German inflation beat expectations and set up the prospect of a sticky all-Eurozone inflation print midweek and raises fresh doubts over a September rate cut at the European Central Bank (ECB).
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