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Forex Fundamental Analysis: The pound still shows a downtrend sentiment

Forex Fundamental Analysis: The pound still shows a downtrend sentiment

Euro

The US economic data showed impressive results and could strengthen opinions that the US Federal Reserve can start earlier the interest rates raising.

The euro fell by 0.11% to $ 1.2395 from the two-week high. On Thursday the European Central Bank suggested commercial banks almost interest-free loans for the second time this year, but the demand was low, underscoring the confidence lack in the euro zone economic perspectives. The pair rose to 1.2459 at the end of the week.

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