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Bank of Cyprus head to step down

FXstreet.com (Barcelona) - Bank of Cyprus chairman Andreas Artemis announced his intention to resign on Tuesday. His decision came after the bailout agreement struck between Nicosia and the Troika, according to which the bank would undergo heavy restructuring.

Reuters reports that the Board of Directors will examine his resignation during a meeting scheduled for this afternoon.

Forex: GBP/USD down on UK CBI realized trades

The GBP/USD tested the 1.5200 handle on the upside but failed to hold, then giving away its gains throughout the London morning. The release of CBI realized trades data sent the market lower, to 1.5162 low for now.
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Forex: EUR/GBP rises towards 0.8500 handle after UK CBI data

The British Pound is doing the opposite movement of the Euro, as the first is dropping after testing resistance at 1.5200 and the latter is bouncing after a spike down to 1.2840 low. So, the EUR/GBP is finding room to improvement during the European session. After a low at 0.8460, the cross kept creeping higher and has reached 0.8492 high so far, after the release of UK CBI realized trades data.
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