| 
May 31, 2023EUR/GBP is sharply lower after losing 53 pips, declining as low as 0.8592.
Euro-Pound is currently trading at 0.8592 following the release of ECB President Lagarde speech data from the Euro Zone.
Germany Unemployment Change beat analyst expectations of 14,000 and the previous reading of 23,000 with new data of 9,000.
Meanwhile, Germany Consumer Price Index released today at 12:00 UTC with a figure of 6.1%, while the previous figure was 7.2%. Italy Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting -0.2%.
In the meantime, negative performances are seen in other pairs, EUR/JPY falls 0.71% to trade around 148.97. EUR/CAD is down to 1.451, losing 84 pips, after closing at 1.4595 in the preceding trading session.
Positive performances can be seen by looking at other currencies as GBP/NZD soars 0.71% to trade around 2.0671.
Furthermore, Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting will be released tomorrow at 11:30 UTC. Euro Zone ECB President Lagarde speech is scheduled tomorrow at 09:30 UTC.
Trading mostly sideways for 3 months. Euro-Pound is now trading 11.64% away from its significant high of 0.9785 first tested 7 months ago.
