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Back Fundamental analysis
EUR/GBP. Analysis and Forecast
For the second consecutive day, the
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For the second consecutive day, the EUR/GBP pair is moving higher, breaking above the 100-day SMA amid weak data from the UK labor market. The UK Office for National Statistics reported an increase of 28,600 in unemployment benefit claimants in January, exceeding forecasts, while the unemployment rate for the three months to December rose to 5.2%. Average earnings excluding bonuses slowed to 4.2% year-over-year, in line with expectations, while including bonuses they declined to 4.2% from the previous 4.6%.These indicators
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Irina Yanina,
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