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May 01, 2023After closing the previous trading day at 0.8766, EUR/GBP went up to 0.8794 only to drop back; still positive overall today, now trading at 0.8784.
A look at other currencies also shows bullish price action as USD/JPY improves 0.44% to trade around 136.84. EUR/JPY is up 0.46%.
Meanwhile, after ending Friday's session at 1.6649, EUR/AUD lost 107 pips and is trading around 1.6542.
Furthermore, the market is looking at Euro Zone Consumer Price Index figure is projected at 7%. It previously stood at 6.9%; data will be released tomorrow at 09:00 UTC. Italy Consumer Price Index figure is projected at 0.3%. It previously stood at -0.4%; data will be released tomorrow at 09:00 UTC. Germany Retail Sales is projected to outperform its last figure with 0.4%. It previously stood at -1.3%; data will be released tomorrow at 06:00 UTC.
Trading mostly sideways for 2 months. Having set a significant low of 0.7134 10 months ago, Euro-Pound is trading 22.89% higher.
