Euro Sinks to Two-and-a-Half-Month Low Against Pound After Hot Eurozone Inflation

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The Euro reversed previous daily gains against the British Pound on Friday, diving to fresh two-and-a-half-month lows just above 0.8500 and set to show a more than 1% weekly decline. The move followed hot Eurozone inflation data, which weighed on the single currency. The Euro's slide against the Pound marks a sharp turnaround from its earlier gains this week. The pair is now trading at its weakest level in roughly two and a half months.

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