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EUR/USD is advancing above 1.1000 in the European session this Thursday. Traders refrain from placing fresh bets on the major ahead of the critical US CPI data, which could influence the Fed policy path and the US Dollar valuations.

EUR/USD News

GBP/USD is extending gains to test 1.2750 in Thursday’s European session. The pair ignores the report about UK’s plan to ban British investment in China's tech companies. Markets remain cautious ahead of the US inflation data for July, which could cap the upside in the pair.