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Draghi Resigns Whilst ECB Raises Rates!

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Italian Prime Minister Mario Draghi resigned following the collapse of his national unity government yesterday, sending tremors through financial markets.

On top of that, the ECB raised interest rates by 50bps during its July meeting, the first increase since 2011.

This ends eight years of negative rates, but will this be enough to release inflationary pressures?

Timestamps

EURUSD 01:35

GBPUSD 03:05

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