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US gains fuelled by possible EU trade deal

Summary by Smart Currency Business
After a day of solid gains on the US stock market, the dollar climbed more than 0.6% on both the euro and the pound. It saw these gains despite positive economic news coming out of both the UK and Europe. Following the UK’s above-expected GDP growth earlier this month, the International Monetary Fund says it’s reassessed the UK’s growth forecast. It now projects 1.2% growth in 2025, up from 1.1%. It’s good news for Chancellor Rachel Reeves, thou…
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Smart Currency Business broke the news in on Wednesday, May 28, 2025.
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