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GBP Price to Shrug off Shorter Odds on Corbyn as Next UK Prime Minister

The GBP price remains firm even though the odds on Jeremy Corbyn becoming the next UK Prime Minister have shortened – emphasizing that the markets are not afraid of a potential Labour government.

Euro Drops on German Factory Data, ECB Minutes Due Ahead

The Euro fell as German factory orders data disappointed. Minutes from last month’s ECB policy meeting may hurt the currency further and sour the broader market mood.