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EURGBP

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Traders hesitant to chase GBP/USD lower with UK CPI ahead

BUZZ-COMMENT-Traders hesitant to chase GBP/USD lower with UK CPI ahead June 14 (Reuters) - Cable fell on Friday with traders cutting exposure to European FX as uncertainty around the French elections increased, which in turn saw the pair drop to a 4-week low. However, with UK CPI, the Bank of England rate decision and flash PMIs on the docket next week, traders are likely to be reticent in chasing GBP/USD breakouts, emphasized by the fleeting above moves above 1.28 and below 1.2675-90. That said
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Euro pinned lower by France turmoil, yen recovers after BOJ update

FOREX-Euro pinned lower by France turmoil, yen recovers after BOJ update Recasts on the euro, updates prices By Iain Withers LONDON, June 14 (Reuters) - The euro was on track for its biggest weekly fall in two months versus the dollar on Friday due to French political turmoil , while the yen clawed back ground after the Bank of Japan (BOJ) surprised markets with a dovish monetary policy update.
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Sterling on track for best week of year against ailing euro

Sterling on track for best week of year against ailing euro LONDON, June 14 (Reuters) - Sterling was on track for its biggest weekly gain against the euro in nearly seven months on Friday, as investor concerns sparked by France's snap election continued to pummel the euro zone currency. The euro was broadly flat on the day against sterling at 84.09 pence, but was on course for a nearly 1% weekly fall - its biggest since November 2023. EURGBP=D3 The pound slipped 0.4% on the day against the broad
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FX options wrap - Risks glare amid the FX status-quo

BUZZ-FX options wrap - Risks glare amid the FX status-quo June 13 (Reuters) - FX was left mostly range-bound after Wednesday's bouts of post-U.S. CPI and Fed- driven volatility, weighing back on implied volatility as a consequence of a return to the prior FX status quo . However, there are some impending events where the FX volatility risk premium is still elevated as demonstrated by particular option expiry dates and their implied volatilities.
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Sterling set for fifth weekly gain against euro after shock French election call

Sterling set for fifth weekly gain against euro after shock French election call LONDON, June 13 (Reuters) - The pound was headed for its fifth weekly gain against the euro on Thursday, having hit its highest in almost two years against the single European currency, which was rattled by political uncertainty in France. The euro fell to its lowest against the pound since late August 2022 this week, after the success of far-right parties in a European Union parliamentary election at the weekend pr
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