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EUR/GBP consolidates below 0.8540 after ECB validates expansive monetary policy

1 month ago   |   By FXCM

EUR/GBP consolidates near the lower levels after the previous session's downside momentum.
The Euro lost ground after the ECB adopted the expansionary monetary policy in accordance with reviewed inflation targets and COVID-19 concerns.
BOE warns that the economy is still not out of the woods and needs stimulus for a longer period of time.
EUR/GBP remains muted on Tuesday in the Asian trading hours. The pair hovers in a narrow trading band after a big downside momentum in the previous session.
At the time of writing, EUR/GBP is trading at 0.8540 up 0.03% for the day.
The single currency...
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