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William Shepherd, head of treasury at forex company OFX, explains what drives sterling s movements in the currency markets. DailyForex 6 hours ago The EUR USD pair has rallied on Thursday, as we await the jobs number.

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The pair is especially reactive to shifts in fiscal. Aug 30, THE pound reached eight year lows against the euro, fuelling fears sterling could reach parity against the eurozone currency in as the latest Brexit talks rumble on.

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With the interdependence and economic proximity between the two in mind, the pair is substantially less erratic than several other Pound or Euro based crosses.