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May 10, 2023Small gain for EUR/GBP at 0.8696 after ranging between 0.8667 and 0.87 today.
Meanwhile, Germany Consumer Price Index came out at 0.4%, while a consensus of analysts was expecting 0.4%. Germany Consumer Price Index released today at 06:00 UTC with a figure of 7.2%, while the previous figure was 7.4%. Fresh Mortgage Rate (GBP) (Apr) data from United Kingdom came out at 7.41.
At the same time, after ending yesterday's session at 135.18, USD/JPY lost 83 pips and is trading around 134.35. EUR/JPY is down to 147.52, losing 71 pips, after closing at 148.24 in the preceding trading session. After ending yesterday's session at 170.58, GBP/JPY lost 95 pips and is trading around 169.63.
Also worthy of note, United Kingdom BoE Interest Rate Decision (May) is scheduled for tomorrow at 11:00 UTC. United Kingdom BoE MPC Meeting Minutes scheduled to come out tomorrow at 11:00 UTC. United Kingdom BoE Gov Bailey speech is scheduled tomorrow at 11:30 UTC.
Trading mostly sideways for 3 months. Having set a peak of 0.9785 around 6 months ago, Euro-Pound is now trading 11.26% below this level.
