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February 27, 2023EUR/GBP posts light gains on a low-volatility day, ranging between 0.8812 – 0.8833 and is now at 0.883.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD gained 0.44% and is now trading at 1.9455. EUR/NZD is up 0.46% to 1.7179.
While Euro-Pound is up today, these currencies are lagging behind: NZD/USD closed at 0.6136 (down 0.51%).
The market is looking forward to the release of new data: France Consumer Price Index is expected tomorrow at 07:45 UTC. France Consumer Spending is projected to outperform its last figure with 0.2%. It previously stood at -1.3%; data will be released tomorrow at 07:45 UTC. Spain HICP (YoY) (Feb) is expected tomorrow at 08:00 UTC.
As things stand, Euro-Pound is 9.78% away from a significant high of 0.9785, first set 4 months ago.
