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Fundamental Afternoon Wrap: French kiss goodbye as economy diverges

A quieter afternoon for institutional research sees a retrospective focus put on the Italian downgrade and NFPs and the continuing divergence taking place in Europe, especially between France and Germany. Further, in Asia, analysts have noted the underlying and gradual improvement in Japanese conditions but are not sure whether this can be attributed to Abenomics just yet
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Forex: EUR/GBP pulls back from highs

After hitting a 2-week high of 0.8745, EUR/GBP found resistance and turned lower at the beginning of the NY session as the pound reversed intraday weakness.
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