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With GDP flat in Q4, the UK has avoided falling into a technical recession. But there is little to cheer for GBP as sluggish performance looks set to continue.
The outlook is turning increasingly negative for the EUR. We look at the key drivers and the outlook for EUR/USD as parity approaches and crosses such as EUR/JPY and EUR/GBP.
There has been a big bounce back in the USD today, regaining some of the ground lost over recent weeks. However, much more needs to be seen to signal a decisive shift in the USD corrective outlook.
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