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June 28, 2023EUR/GBP spikes to 0.8631, climbing by 34 pips.
Meanwhile, Italy Consumer Price Index released today at 09:00 UTC with a figure of 0%, while the previous figure was 0.3%. Germany GfK Consumer Climate (Jul) came out at -25.4, while a consensus of analysts was expecting -23.
While Euro-Pound is up today, these currencies are lagging behind: after ending yesterday's session at 1.2748, GBP/USD lost 111 pips and is trading around 1.2637. AUD/USD is down 68 pips from the beginning of the session and now trades around 0.662. NZD/USD falls 1.29% to trade around 0.6087.
The market is looking forward to the release of new data: Germany Consumer Price Index is expected tomorrow at 12:00 UTC. Spain HICP (YoY) (Jun) is scheduled for tomorrow at 07:00 UTC. Spain Consumer Price Index figure is projected at 1.7%. It previously stood at 3.2%; data will be released tomorrow at 07:00 UTC.
Trading mostly sideways for 4 months. Euro-Pound is now trading 12.15% away from its significant high of 0.9785 first tested 8 months ago.
