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June 17, 2023A quick look at yesterday: down on the day: EUR/GBP closed at 0.8534 after ranging between 0.8521 and 0.8591.
While price action maintains a negative bias, Euro Zone Consumer Price Index came out at 6.1%, while a consensus of analysts was expecting 6.1%. United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 6,700, while the previous figure was 12,500. Fresh CFTC EUR speculative net positions data from Euro Zone came out at 151,800.
Positive performances can be seen by looking at other currencies as GBP/JPY is trading around 181.94 after ending yesterday's session at 179.29 (up 1.47% today). USD/JPY is trading around 141.88 after ending yesterday's session at 140.26 (up 1.15% today). Notably, EUR/JPY rose 1.14% yesterday and closed at 153.5.
Trading mostly sideways for 4 months. As things stand, Euro-Pound is 12.55% away from a significant high of 0.9785, first set 8 months ago.
