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21 Aug 2024

The EUR/GBP pair remains stable as markets calm ahead of the release of the PMI data

The EUR/GBP pair remains stable as markets remain calm ahead of the release of PMI data from both economies.

European Central Bank (ECB) officials are cautious about committing to an interest rate cut path due to concerns over inflation rebound.

The British pound is supported after last week’s economic reports increased the likelihood that the Bank of England (BoE) will maintain its current interest rates

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