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Pound sterling's recovery proved short-lived.

The pound to euro exchange rate (GBP/EUR) is back under pressure in midweek trade, with analysts pointing to soft inflation data for the move.

🔻The pair trades 0.20% lower on the day at 1.1326, having been as high as 1.1369 on Monday, suggesting a relief-style rebound having run out of impetus.

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A catalyst for the midweek weakness is a slowdown in domestic inflation, with the ONS reporting prices rose 3.6% y/y in October, down from

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