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July 6, 2012

EUR/GBP Trading Down Near Key Support Factors Around 0.7950

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The 4H EUR/GBP chart shows trading within a declining wedge since the 0.8150 resistance. The latest drop occurred during and after today's BoE and ECB meetings, where the BoE held rates but expanded its QE program, while the ECB cut the benchmark rate to 0.75%, a historical low, while dropping the... FF News: Technical

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