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Bundesbank: German economy to shrink 0.2% this year, grow 0.2% in 2025

The German central bank, Bundesbank, predicted in its monthly report published on Friday that the economy is set to expand only modestly next year after a decline of 0.2% in Gross Domestic Product (GDP) this year.

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GBP/USD: Any decline is expected to face significant support at 1.2610 – UOB Group

Sharp sell-off seems excessive; the Pound Sterling (GBP) is likely to consolidate in a 1.2650/1.2725 range.
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