After the release of Germany's Ifo business confidence and euro area flash PMI reports at 4.00 am ET Thursday, the euro ticked down against its major opponents.

The euro was trading at 122.73 against the yen, 1.1240 against the franc, 0.8830 against the pound and 1.1134 against the greenback around 4:01 am ET.

Grafico Cross Euro vs Sterling (FX:EURGBP)

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Grafico Cross Euro vs Sterling (FX:EURGBP)

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