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European Market Update
M&A flows weighed upon the GBP throughout the session and cumulated with Prudential (UK) to acquire AIA from AIG for $35.5B in cash and equity (as speculated in the press expected). GBP/USD hit fresh 9-month lows below 1.5000 level and EUR/GBP regained a foothold above the 0.9050 level. The GBP...
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