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EUR/GBP: in the downward channel on 09.06.2015

Since opening session on Tuesday the index Stoxx Europe 600 has dropped by 0.2%, and at the same time German DAX fell by 0.3%, which is the decline over 10% since mid-April. Later, favourable data on the British trade balance for April became known and GDP of Eurozone in Q1. No more British or European news is scheduled for release today; therefore movement in the pair will depend on the movement of the Pound and Euro against the USD. 

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