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On the GBP side of the GBP/USD pair, the UK’s economic recovery, rising inflation and our expectation of smaller-than-anticipated interest rate cuts by the Bank of England (BoE) provide support for the pound against non-USD currencies.

TradingKey - On his first day in office, Donald Trump signed executive orders on immigration and energy policies but refrained from announcing tariffs on major trade partners. U.S. stock futures broadly rose, while the dollar index declined during his speech.

The EUR/GBP cross gains momentum to near 0.8330 during the early European session on Friday.

The EUR/GBP cross gathers strength to around 0.8295 during the early European session on Tuesday.

The EUR/GBP cross remains on the defensive around 0.8310 on Friday during the early European trading hours.

The EUR/GBP cross extends its downside to near 0.8315 on Tuesday during the early European session.



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