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Posted by
Two Blokes Jul 2 -
Filed in
Forex
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14 views
The Pound to Euro (GBP/EUR) exchange rate has dipped to 10-week lows at 1.1630 following the government U-turns on welfare reform. HSBC expects that a faster pace of Bank of England rate cuts will be a key element undermining the Pound, especially as expectations of further tax increases have intensified.
