Bullish currency pair Euro-Pound runs out of steam at 0.8551; currently at 0.8548

Tentatively higher from an earlier low of 0.8518, EUR/GBP is up to 0.8548 today, adding 14 pips, or 0.17%, to yesterday's closing price of 0.8534.

Meanwhile, following a previous reading of 0.3%, Producer Price Index in Germany released today at 06:00 UTC fell short of the -0.7% figure expected by analysts with an actual reading of -1.4%.

Elsewhere, other currency pairs are also gaining ground as EUR/AUD is up 0.77%. EUR/NZD is up 0.35%.

While Euro-Pound is up today, these currencies are lagging behind: AUD/USD is down to 0.6805, losing 49 pips, after closing at 0.6855 in the preceding trading session.

Also worthy of note, United Kingdom Consumer Price Index is expected tomorrow at 06:00 UTC. United Kingdom Consumer Price Index is expected tomorrow at 06:00 UTC. United Kingdom PPI Input (MoM) (May) will be released tomorrow at 06:00 UTC.

Trading mostly sideways for 4 months. As things stand, Euro-Pound is 12.79% away from a significant high of 0.9785, first set 8 months ago.