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2 Aug 2012 at 2 PM - Written by



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The EURO has taken a pasting in the currency markets today, taking the GBP EUR exchange rate back towards the mid-1.27s once more. The single currency came under selling pressure following ECB President Mario Draghi comments in his press conference this afternoon. Draghi announced no specific measures to lower Spain and Italy’s borrowing costs and revealed that the ECB has discussed cutting interest rates at this month’s meeting. The future app

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