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GBP/EUR: Pair rises towards €1.21

GBP/USD: Will US GDP Data Boost the Dollar vs. Pound?

The pound euro (GBP/EUR) exchange rate is rising, adding to gains from the previous week.

The pound is rising ahead of a busy week on the UK economic calendar, with unemployment, GDP, and retail sales figures due.

Strong data could see the market push back BoE rate cut expectations.

The EUR is falling on worries that Trump trade tariffs could hurt the fragile economic recovery and cause the ECB to cut rates more aggressively.

The EUR is also under pressure amid political uncertainty in Germany, where the Chancellor could call a vote of confidence before the end of the year.

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