Euro Strengthens as Data Shows Signs of Economic Recovery in the EU
===============
#7aa5aba6 ver:0.67
The Euro strengthens as data shows signs of economic recovery in the EU, but faces downward pressure due to the European Central Bank's plan to cut interest rates. The Pound extends its gains as the UK economy shows signs of recovery, with expectations of a Labour government and limited fiscal policy maneuvering. Investors closely monitor the Pound to Euro exchange rate, while Barclays predicts weak UK data and advises selling GBP/USD with a target of 1.21. SocGen predicts a stronger dollar against the Euro and Pound, while investors increase bets on the Euro falling to parity with the dollar. The Euro edges higher against the Pound and Dollar, with data suggesting the risk of recession in the EU is fading. The Pound to Euro exchange rate has significant net gains, with a forecast of hitting 1.19 against the Euro by 2025....
#newstr #Euro #EuEconomy #Data #ExchangeRates
https://here.news/story/7aa5aba6?ver=0.67
Euro Strengthens as Data Shows Signs of Economic Recovery in the EU /
npub1cu…kxegw
2024-04-25 06:59:14
Author Public Key
npub1cu8w9e9jntqapvdrg658tzh5ur8jd48x8dtmvud90jpmenes3z4sukxegwPublished at
2024-04-25 06:59:14Event JSON
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"content": "Euro Strengthens as Data Shows Signs of Economic Recovery in the EU\n===============\t\n#7aa5aba6 ver:0.67\n\nThe Euro strengthens as data shows signs of economic recovery in the EU, but faces downward pressure due to the European Central Bank's plan to cut interest rates. The Pound extends its gains as the UK economy shows signs of recovery, with expectations of a Labour government and limited fiscal policy maneuvering. Investors closely monitor the Pound to Euro exchange rate, while Barclays predicts weak UK data and advises selling GBP/USD with a target of 1.21. SocGen predicts a stronger dollar against the Euro and Pound, while investors increase bets on the Euro falling to parity with the dollar. The Euro edges higher against the Pound and Dollar, with data suggesting the risk of recession in the EU is fading. The Pound to Euro exchange rate has significant net gains, with a forecast of hitting 1.19 against the Euro by 2025....\n\n#newstr #Euro #EuEconomy #Data #ExchangeRates \n\n https://here.news/story/7aa5aba6?ver=0.67",
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