EUR-USD has continued to gravitate around the 1.1630-40 area. The pair remains some 50 pips up on the lows seen in early trade yesterday, with some of the Catalonian risk discount having since unwound some. EUR-GBP has traded into one-month low territory, driven by pound outperformance ahead of the BoE’s expected rate hike this week, while EUR-CHF, in contrast, has lifted into three-session high terrain, with the Swiss franc concomitantly weakening as Catalonia risk continues to be priced out.
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