GBP/USD saw further losses

EUR/USD The pair finished the week lower after various macroeconomic data points indicated that the prosperity, or the lack of it, of the joint-currency bloc remains at the mercy of politicians who have hastily introduced draconic austerity measures which have now even filtered through to the power house that is Germany. This, together with the ECB announcing that professional forecasters have downgraded their view on Eurozone HICP for 2014 and 2015 resulted in an aggressive upside traction by



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