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EUR/GBP hits 4-day high on Draghi's story

FXStreet (Córdoba) - The euro strengthened across the board and rose to fresh weekly highs versus the pound after a report suggested Eurozone central bankers will challenge Draghi’s leadership style and cited disagreements over the ECB balance sheet, which investors understood as threat to further easing.

EUR/GBP rose nearly 40 pips on the headlines and reached its highest level since Friday at 0.7853 before losing momentum. At time of writing, EUR/GBP is trading at 0.7850, recording a % gain on the day.

Both the European Central Bank and the Bank of England will decide on monetary policy on Thursday, and both are expected to remain on hold. However, according to Reuters sources Eurozone central bankers will challenge Draghi's style Wednesday at an informal dinner before the Governing Council meets.

GBP/USD caught up other’s business; oscillates at 1.60 handle

GBP/USD is trading at 1.5994, up 0.12% on the day, having posted a daily high at 1.6018 and low at 1.5965.
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