| 
March 01, 2023EUR/GBP spikes to 0.8868, climbing by 79 pips.
Euro-Pound is currently trading at 0.8868 following the release of Consumer Price Index data from the Germany.
Nevertheless, data for Germany Unemployment Change released today at 08:55 UTC is better than expected with 2,000, but worse than previous figure of -15,000.
At the same time, Germany Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.5%. Germany Consumer Price Index released today at 13:00 UTC with a figure of 0.8%, while the previous figure was 1%.
Other currencies are also rising as having closed the previous session at 0.6187, NZD/USD is up 1.07% today to currently trade at around 0.6253. EUR/USD is up 0.72% to 1.066.
Meanwhile, GBP/NZD is down 220 pips from the beginning of the session and now trades around 1.9222.
Also worthy of note, Euro Zone Consumer Price Index is expected tomorrow at 10:00 UTC. Euro Zone ECB Monetary Policy Statement scheduled to come out tomorrow at 12:30 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting is expected tomorrow at 12:30 UTC.
Having set a peak of 0.9785 around 4 months ago, Euro-Pound is now trading 10.19% below this level.
