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The Bank of England Puts the Pound in the Spotlight
It’s a relatively busy day ahead on the economic data front. German business sentiment figures for June are due out along with the ECB’s Economic Bulletin. While the headline ifo Business Climate Index will draw interest, the ECB’s Economic Bulletin will likely be the key driver. Early in the week, ECB President Lagarde had spoken of a speedier economic recovery, fueled by consumer spending. The ECB’s Economic Bulletin will need to deliver a similar outlook to support the EUR. At the time of writing, the EUR was up by 0.03% to $1.1930. For the Pound It’s a quiet day ahead on the economic calendar. There are ... (full story)