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Euro weakens, sterling rises on eve of key bank decisions

This article was originally published in Dairy Markets

The euro weakened broadly on Thursday morning ahead of today's European Central Bank's interest rate decision, while the pound's trade-weighted index rose close to its highest level this year in advance of the Bank of England's own decision on UK rates. The yen fell against other major currencies as risk appetite continued to rise in Asia. The financial markets are also awaiting the official results of the 19 US banks' stress tests at 2100 GMT today.

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