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GBP/EUR remains flat even after positive GDP data released

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GBP/EUR remains flat even after positive GDP data released

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With many in the Eurozone trading the Euro is always one to watch and the past month has seen a staggered decrease of the British Pound Sterling to Euros. Earlier in the month reaching over 1.1975 to todays rate which stands at 1.1608.

This is thought to be due to last weeks UK GDP data provided grounds for encouragement regarding the future prospects of the British economy. The figures revealed that the UK PLC’s economic recovery appears to have gained traction in recent months with GDP expanding by 0.8% during the third quarter of this year. However GBP/EUR remains slightly flat.

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