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EUR/GBP. Analysis and Forecast
The euro is showing moderate resilience
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The euro is showing moderate resilience amid easing inflationary pressure in the euro area, strengthening the case for the European Central Bank to conclude its rate-cutting cycle. According to data released last week, the eurozone's headline consumer price index slowed to 2% year on year in December—the lowest level in four months and in line with the ECB's target. Core inflation also declined to 2.3% year on year, coming in slightly below the market consensus forecast. These indicators support a
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Irina Yanina,
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