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EUR/GBP advances as Draghi speaks

FXStreet (Córdoba) - EUR/GBP pushed to fresh daily highs as Draghi speaks in a press conference after the ECB decided to keep rates unchanged, as expected.

Draghi sounded dovish as expected, reiterating risks remain to the downside and low inflation is expected to persist. He also said the bank is ready to use further unconventional measures if inflation remains too low for too long. ECB President also said further details of the program will be unveiled in a press release at 13:30 GMT (3:30 PM).

Despite the dovish stance, EUR/GBP managed to advance a few pips and hit a 1-week high of 0.7836. At time of writing, the pair is trading at 0.7830, 0.43% above its opening price.

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