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Sterling reaches new 8 year highs against euro

Sterling reached new 8 year highs against the Euro hitting 1.4358 as sentiment on the single currency weakened ahead of the ECB conference

By Richard Nehme | July 17, 2015 11:04 BST
Euro continues to benefit from weaker USD
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Following a €7 billion Bridge loan as part of a new 3 year bailout for Greece, a further €900 million of liquidity has been injected into the banks. This came after the nation implemented the first round of painful austerity measures. The move is a major step towards reopening the Greek banks which have been closed for over a fortnight however top EU officials have stated their concerns over whether these new measures could be sustained [...]

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