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      EUR/GBP door open for further downside – Westpac

      FXStreet (Edinburgh) - Strategists at Westpac see the likeliness of further pullbacks in the pair in the medium term.

      Key Quotes

      EUR/GBP finally seems to be breaking down from the 0.7250-0.74 range”.

      “The move has a lot further to run before it more accurately prices in the sharp policy differential that should open between the BoE and the ECB in 2016, though this is a patience trade”.

      “A run at 0.70 still possible before the year is out”.

      “Price has returned towards the middle of the multi-month range. Medium term momentum lacks a dominant direction. Neutral bias”.

      USD/JPY bearish below 120.35/80 – Commerzbank

      The pair’s outlook remains negative while below the 120.35/80 area, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank...
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      EUR: Volkswagen's emissions saga upsetting currency markets mood - Investec

      Research team at Investec, suggest that the recent Volkswagen’s emissions problem has taken the global currency markets for a ride with Euro taking a beating against both, the dollar and yen.
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