Forex Today: Market focus shifts to US data dump ahead of Thanksgiving holiday

Here is what you need to know on Wednesday, November 27: The US Dollar (USD) stabilizes following two days of choppy action, with the USD Index moving sideways slightly below 107.00 in the European morning on Wednesday.
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EUR/GBP drops below 0.8350 due to less likelihood of a BoE rate cut next month

EUR/GBP extends its losses for the second successive session, trading around 0.8330 during the early European hours on Wednesday.
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