Excerpt from today’s Daily commentary:

Solid UK data last week did little to prevent an eleventh straight run of downside for GBPEUR and tensions in the Gulf capped any upside for GBPUSD as we approach the unveiling of our next Prime Minister tomorrow… Earnings beat expectations as Inflation held steady at the 2.0% target… both GBPEUR and GBPUSD posted fresh lows as we look to US GDP and the ECB meeting this week…

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