Euro rises against the Pound on inflation report

Source: WBP Online
© Scanpix/Reuters
The Sterling fell to a one-and-a-half-month low versus the common currency, driven by yesterday's disappointing BoE's inflation report. As Britain's  the release of  the second estimate for economic growth approaches, scheduled for Friday, traders remain cautious. The forecast expects the GDP to remain unchanged at 0.8% quarterly and 3.1% yearly. The Pound dropped by 0.19% to trade at 0.8019 versus the Euro.
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