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February 28, 2023
EUR/GBP remains constrained within a 0.878 to 0.8836 range and is currently trading around the 0.8789 level.
In the meantime, negative performances are also seen in other pairs as EUR/USD is down to 1.0595, losing 13 pips, after closing at 1.0609 in the preceding trading session.
Mixed performances are seen by currencies as USD/SGD trades around 1.3476, with no major change. EUR/CAD moves 0.08% to trade around 1.4383.
Some optimism can drawn from the fact that tomorrow at 08:55 UTC data for Germany Unemployment Change will be released, with an expected decline to 9,000 from the preceding figure of -15,000.
Furthermore, Germany Consumer Price Index is expected tomorrow at 12:00 UTC. United Kingdom BoE Gov Bailey speech will be released tomorrow at 10:00 UTC.
As things stand, Euro-Pound is 10.15% away from a significant high of 0.9785, first set 4 months ago.
