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Outlook on EUR/USD, EUR/GBP and GBP/USD ahead of Thursday’s Jackson Hole symposium | Levels to Watch - IG

​EUR/GBP remains above support

​Following last week’s sell-off, EUR/GBP continues to stabilize above its £0.8522 to £0.8504 June and July lows, as UK public sector borrowing in July was the 5th highest on record. Excluding banks it came in at £4.3 billion in July, up from £0.9 billion a year ago but below market expectations of £5.0 billion.

​Below last week’s low at £0.8524 lies the £0.8522 to £0.8504 support area.

​Monday’s high at £0.8563 needs to be bettered for a rise back towards the 55-day SMA at £0.8583 to ensue.

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https://news.google.com/rss/articles/CBMidWh0dHBzOi8vd3d3LmlnLmNvbS9lbi1jaC9uZXdzLWFuZC10cmFkZS1pZGVhcy9fZXVyLXVzZC1hbmQtZ2JwLXVzZC1iZW5lZml0LWZyb20td2Vha2VyLXVzLWRvbGxhci1idXQtZXVyLWdicC1zLTIzMDgyMtIBAA?oc=5

2023-08-22 10:38:09Z
CBMidWh0dHBzOi8vd3d3LmlnLmNvbS9lbi1jaC9uZXdzLWFuZC10cmFkZS1pZGVhcy9fZXVyLXVzZC1hbmQtZ2JwLXVzZC1iZW5lZml0LWZyb20td2Vha2VyLXVzLWRvbGxhci1idXQtZXVyLWdicC1zLTIzMDgyMtIBAA

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