EUR/GBP goes up to 0.864 after dipping down to 0.8623 earlier.
Euro-Pound is currently trading at 0.864 following the release of Consumer Price Index data from the Germany.
At the same time, Germany Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting 0.2%. Spain Consumer Price Index released today at 07:00 UTC with a figure of 1.9%, while the previous figure was 3.2%. Spain HICP (YoY) (Jun) came out at 1.6.
Other currencies are also rising as AUD/USD added 0.53% to its value, now trading at 0.6638. Having closed the previous session at 0.6077, NZD/USD is up 0.35% today to currently trade at around 0.61.
At the same time, EUR/AUD is down to 1.6478, losing 52 pips, after closing at 1.6531 in the preceding trading session.
Also worthy of note, United Kingdom GDP projected to come out at 0.2% — worse than previous data of 0.6%; data will be released tomorrow at 06:00 UTC.
Furthermore, the market is looking at Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. United Kingdom GDP is expected tomorrow at 06:00 UTC.
Trading mostly sideways for 4 months. As things stand, Euro-Pound is 11.77% away from a significant high of 0.9785, first set 8 months ago.