The Euro surged to four-month high in Asia on Friday, underpinned by strong rally of British pound, but EURGBP losses tempered gains.
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The GBP/USD pair continues shedding part of its post-UK election’s gains, although at levels last seen several months ago. Hopes that PM Johnson will pass his Brexit deal through Parliament will keep the Sterling on the winning side.
USD/JPY added to the overnight strong gains amid US-China trade optimism. The UK election results further boosted the global risk sentiment on Friday. Investors now look forward to the US retail sales data for a fresh impetus.
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