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Currencies: Euro and sterling slip after ECB meeting, as European political risk remains in focus

The U.S. dollar strengthened as the euro and British pound slipped on Thursday following a policy update by the European Central Bank that underlined political risks in Europe.

The ECB left interest rates unchanged on Thursday. The central bank’s asset purchasing program is set to wind down in December, ahead of a first expected interest rate increase next year.

The euro EURUSD, -0.2019% slipped to a fresh lowest level in more than two months following the update, last buying $1.1382, compared with $1.1394 late Wednesday in New York. The British pound GBPUSD, -0.4658% also touched its lowest since August, buying $1.2817, versus $1.2881 Wednesday.

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